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 the month of 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. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 1,341,557 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Alerian MLP ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Alerian MLP ETF by 14,563.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,289,345 shares of the exchange traded fund’s stock worth $60,625,000 after acquiring an additional 1,280,552 shares during the period. Orion Porfolio Solutions LLC grew its position in Alerian MLP ETF by 326.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock worth $50,800,000 after purchasing an additional 795,787 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Alerian MLP ETF in the fourth quarter valued at approximately $24,371,000. Quadrature Capital Ltd raised its holdings in shares of Alerian MLP ETF by 709.1% during the fourth quarter. Quadrature Capital Ltd now owns 476,492 shares of the exchange traded fund’s stock valued at $22,405,000 after buying an additional 417,602 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Alerian MLP ETF by 1,508.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 406,459 shares of the exchange traded fund’s stock worth $19,116,000 after buying an additional 381,190 shares during the period.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock traded down $0.07 on Friday, reaching $55.24. 819,360 shares of the company were exchanged, compared to its average volume of 1,559,829. The company’s 50-day moving average is $53.86 and its two-hundred day moving average is $52.93. The firm has a market cap of $12.98 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 1-year low of $44.64 and a 1-year high of $55.66.

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).