Alerian MLP ETF (NYSEARCA:AMLP) Short Interest Down 70.2% in August

Alerian MLP ETF (NYSEARCA:AMLP) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 1,389,289 shares, a decline of 70.2% from the July 30th total of 4,659,313 shares. Based on an average daily trading volume, of 1,341,557 shares, the short-interest ratio is currently 1.0 days. Currently, 0.6% of the shares of the stock are short sold.

Alerian MLP ETF Stock Performance

Shares of AMLP stock traded down $0.01 during trading on Thursday, hitting $55.47. The company had a trading volume of 449,348 shares, compared to its average volume of 1,561,725. The firm has a market capitalization of $13.03 billion, a P/E ratio of 14.17 and a beta of 0.50. The stock’s 50-day moving average price is $53.68 and its 200 day moving average price is $52.88. Alerian MLP ETF has a one year low of $44.64 and a one year high of $55.66.

Institutional Trading of Alerian MLP ETF

Institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 20.3% during the 4th quarter. Sanctuary Advisors LLC now owns 184,231 shares of the exchange traded fund’s stock worth $8,663,000 after acquiring an additional 31,089 shares during the period. Greenspring Advisors LLC bought a new position in Alerian MLP ETF in the fourth quarter valued at approximately $1,622,000. Prevail Innovative Wealth Advisors LLC raised its position in Alerian MLP ETF by 27.5% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 60,990 shares of the exchange traded fund’s stock valued at $2,868,000 after purchasing an additional 13,136 shares in the last quarter. Cary Street Partners Financial LLC raised its position in Alerian MLP ETF by 19.1% during the fourth quarter. Cary Street Partners Financial LLC now owns 257,238 shares of the exchange traded fund’s stock valued at $12,095,000 after purchasing an additional 41,186 shares in the last quarter. Finally, Bard Associates Inc. lifted its stake in Alerian MLP ETF by 70.7% during the fourth quarter. Bard Associates Inc. now owns 172,527 shares of the exchange traded fund’s stock worth $8,112,000 after purchasing an additional 71,446 shares during the last quarter.

About Alerian MLP ETF

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).