Alerian MLP (NYSEARCA:AMLP) saw a large growth in short interest in January. As of January 12th, there was short interest totalling 33,771,116 shares, a growth of 72.6% from the December 29th total of 19,569,167 shares. Based on an average daily volume of 24,315,040 shares, the short-interest ratio is currently 1.4 days.
Shares of Alerian MLP (NYSEARCA:AMLP) opened at $11.83 on Monday. Alerian MLP has a 12 month low of $9.79 and a 12 month high of $13.31. The stock has a market cap of $11,380.00 and a price-to-earnings ratio of 5.74.
A number of institutional investors and hedge funds have recently made changes to their positions in AMLP. Colony Group LLC purchased a new stake in shares of Alerian MLP in the 2nd quarter worth about $135,000. Frontier Investment Mgmt Co. purchased a new stake in shares of Alerian MLP in the 2nd quarter worth about $138,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Alerian MLP in the 3rd quarter worth about $143,000. Burke & Herbert Bank & Trust Co. purchased a new stake in shares of Alerian MLP in the 4th quarter worth about $156,000. Finally, Sage Advisory Services Ltd.Co. purchased a new stake in shares of Alerian MLP in the 3rd quarter worth about $172,000.
ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class.
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