Short Interest in Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Decreases By 12.7%

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 198,188 shares, a decrease of 12.7% from the December 31st total of 227,143 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 116,147 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 116,147 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.9% of the company’s stock are sold short.

Alerian Energy Infrastructure ETF Stock Performance

ENFR opened at $34.27 on Thursday. The company has a market cap of $364.98 million, a PE ratio of 18.78 and a beta of 0.81. The stock has a 50-day moving average of $31.86 and a 200-day moving average of $31.56. Alerian Energy Infrastructure ETF has a 52-week low of $27.38 and a 52-week high of $34.37.

Hedge Funds Weigh In On Alerian Energy Infrastructure ETF

Institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC bought a new stake in Alerian Energy Infrastructure ETF during the fourth quarter valued at about $47,000. Sunbelt Securities Inc. bought a new stake in Alerian Energy Infrastructure ETF during the 3rd quarter valued at approximately $49,000. NewEdge Advisors LLC grew its holdings in Alerian Energy Infrastructure ETF by 17.3% in the 1st quarter. NewEdge Advisors LLC now owns 39,278 shares of the company’s stock valued at $1,287,000 after buying an additional 5,799 shares during the last quarter. Bulwark Capital Corp acquired a new stake in Alerian Energy Infrastructure ETF in the 3rd quarter valued at approximately $255,000. Finally, Ameriprise Financial Inc. increased its position in Alerian Energy Infrastructure ETF by 34.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 162,798 shares of the company’s stock worth $5,249,000 after buying an additional 41,808 shares during the period.

About Alerian Energy Infrastructure ETF

The Alerian Energy Infrastructure ETF (ENFR) is an exchange-traded fund that is based on the Alerian Midstream Energy Select index. The fund tracks an index of energy infrastructure companies in the US and Canada, weighted by market capitalization. ENFR was launched on Nov 1, 2013 and is managed by Alerian.