iPath Select MLP ETN (BATS:ATMP) Sees Large Increase in Short Interest

iPath Select MLP ETN (BATS:ATMP) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 132,708 shares, a growth of 223.6% from the September 15th total of 41,012 shares. Based on an average trading volume of 19,765 shares, the short-interest ratio is currently 6.7 days. Currently, 0.8% of the company’s shares are sold short.

iPath Select MLP ETN Trading Up 0.9%

Shares of BATS ATMP opened at $35.39 on Wednesday. iPath Select MLP ETN has a 52-week low of $27.23 and a 52-week high of $37.38. The stock has a 50 day moving average price of $36.06 and a 200 day moving average price of $35.28.

iPath Select MLP ETN Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Friday, August 28th were given a dividend of $0.40 per share. This is a drop from iPath Select MLP ETN’s previous quarterly dividend of $0.4088. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 4.5%.

About iPath Select MLP ETN

The Barclays ETN+ Select MLP ETN (ATMP) is an exchange-traded fund that is based on the CIBC Atlas Select MLP VWAP index. The fund tracks a tiered-weighted index consisting of US and Canadian MLPs and general partners of MLPs that are selected based on fundamental criteria. ATMP was launched on Mar 12, 2013 and is issued by Barclays.