Short Interest in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (AMJ) Rises By 52.2%

JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSEARCA:AMJ) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 5,728,923 shares, a growth of 52.2% from the November 15th total of 3,762,977 shares. Based on an average daily volume of 3,972,129 shares, the days-to-cover ratio is currently 1.4 days.

JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (AMJ) opened at $27.53 on Tuesday. JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN has a 12-month low of $24.93 and a 12-month high of $34.41.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Wednesday, November 29th were given a $0.4741 dividend. This represents a $1.90 annualized dividend and a dividend yield of 6.89%. The ex-dividend date was Tuesday, November 28th.

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 141.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,151 shares of the exchange traded fund’s stock valued at $153,000 after purchasing an additional 3,021 shares during the last quarter. Litman Gregory Asset Management LLC acquired a new position in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN in the third quarter valued at approximately $157,000. Bank of New York Mellon Corp acquired a new position in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN in the third quarter valued at approximately $215,000. Lenox Wealth Management Inc. grew its position in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN by 17.3% in the second quarter. Lenox Wealth Management Inc. now owns 7,895 shares of the exchange traded fund’s stock valued at $234,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new position in shares of JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN in the second quarter valued at approximately $242,000.

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