Alerian MLP ETF (NYSEARCA:AMLP) Stock Short Interest Jumps 79.6%

Alerian MLP ETF (NYSEARCA:AMLP) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 3,346,495 shares, a growth of 79.6% from the September 30th total of 1,863,412 shares. Based on an average daily trading volume, of 1,326,382 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.4% of the company’s shares are sold short.

Institutional Trading of Alerian MLP ETF

Several hedge funds have recently made changes to their positions in the business. Cowa LLC grew its holdings in shares of Alerian MLP ETF by 1.9% during the third quarter. Cowa LLC now owns 76,162 shares of the exchange traded fund’s stock worth $3,951,000 after buying an additional 1,448 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Alerian MLP ETF by 10.6% in the third quarter. Chicago Partners Investment Group LLC now owns 79,867 shares of the exchange traded fund’s stock valued at $4,244,000 after buying an additional 7,629 shares during the last quarter. Provenance Wealth Advisors LLC lifted its stake in shares of Alerian MLP ETF by 2.1% during the third quarter. Provenance Wealth Advisors LLC now owns 12,128 shares of the exchange traded fund’s stock valued at $629,000 after buying an additional 248 shares during the period. Putney Financial Group LLC purchased a new stake in Alerian MLP ETF in the 3rd quarter worth approximately $113,000. Finally, Integrity Advisory Solutions LLC grew its stake in Alerian MLP ETF by 10.9% in the 3rd quarter. Integrity Advisory Solutions LLC now owns 7,692 shares of the exchange traded fund’s stock worth $399,000 after acquiring an additional 755 shares during the period.

Alerian MLP ETF Trading Up 0.4%

AMLP traded up $0.19 during mid-day trading on Friday, hitting $54.06. 931,363 shares of the stock were exchanged, compared to its average volume of 1,472,156. The firm’s fifty day moving average is $53.90 and its two-hundred day moving average is $52.84. Alerian MLP ETF has a 1-year low of $46.04 and a 1-year high of $56.43. The company has a market cap of $13.04 billion, a PE ratio of 14.17 and a beta of 0.54.

Alerian MLP ETF Company Profile

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).