JPMorgan Alerian MLP ETN (NYSEARCA:AMJ) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 3,762,977 shares, a drop of 34.7% from the October 31st total of 5,761,884 shares. Based on an average daily volume of 2,883,374 shares, the days-to-cover ratio is presently 1.3 days.

JPMorgan Alerian MLP ETN (AMJ) opened at $26.24 on Friday. JPMorgan Alerian MLP ETN has a 52-week low of $24.93 and a 52-week high of $34.41.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 29th will be issued a dividend of $0.4741 per share. This represents a $1.90 annualized dividend and a dividend yield of 7.23%. The ex-dividend date is Tuesday, November 28th.

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in JPMorgan Alerian MLP ETN by 71.5% during the third quarter. JPMorgan Chase & Co. now owns 9,112,062 shares of the exchange traded fund’s stock worth $256,778,000 after acquiring an additional 3,800,000 shares during the period. Commerce Bank increased its stake in JPMorgan Alerian MLP ETN by 3.8% during the 3rd quarter. Commerce Bank now owns 3,633,747 shares of the exchange traded fund’s stock worth $102,544,000 after purchasing an additional 133,554 shares in the last quarter. Brighton Jones LLC increased its stake in JPMorgan Alerian MLP ETN by 13.4% during the 3rd quarter. Brighton Jones LLC now owns 3,020,995 shares of the exchange traded fund’s stock worth $85,252,000 after purchasing an additional 356,725 shares in the last quarter. Haverford Trust Co. increased its stake in JPMorgan Alerian MLP ETN by 4.3% during the 3rd quarter. Haverford Trust Co. now owns 1,716,580 shares of the exchange traded fund’s stock worth $48,442,000 after purchasing an additional 70,868 shares in the last quarter. Finally, Sage Financial Group Inc. increased its stake in JPMorgan Alerian MLP ETN by 4.8% during the 3rd quarter. Sage Financial Group Inc. now owns 1,408,133 shares of the exchange traded fund’s stock worth $39,738,000 after purchasing an additional 64,017 shares in the last quarter.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/01/short-interest-in-jpmorgan-alerian-mlp-etn-amj-declines-by-34-7.html.

Receive News & Ratings for JPMorgan Alerian MLP ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Alerian MLP ETN and related companies with MarketBeat.com's FREE daily email newsletter.