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

Alerian MLP ETF (NYSEARCA:AMLP) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,389,289 shares, a decrease 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 days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On Alerian MLP ETF

A number of hedge funds have recently made changes to their positions in AMLP. Mayfair Advisory Group LLC raised its holdings in Alerian MLP ETF by 3.4% in the first quarter. Mayfair Advisory Group LLC now owns 6,079 shares of the exchange traded fund’s stock worth $320,000 after buying an additional 200 shares during the last quarter. Noesis Capital Mangement Corp grew its holdings in shares of Alerian MLP ETF by 3.0% during the first quarter. Noesis Capital Mangement Corp now owns 6,900 shares of the exchange traded fund’s stock valued at $363,000 after buying an additional 200 shares during the last quarter. Capital Advisors Inc. OK increased its position in shares of Alerian MLP ETF by 2.7% during the second quarter. Capital Advisors Inc. OK now owns 7,563 shares of the exchange traded fund’s stock valued at $392,000 after acquiring an additional 200 shares in the last quarter. Bogart Wealth LLC increased its position in shares of Alerian MLP ETF by 4.4% during the fourth quarter. Bogart Wealth LLC now owns 5,721 shares of the exchange traded fund’s stock valued at $269,000 after acquiring an additional 242 shares in the last quarter. Finally, J. L. Bainbridge & Co. Inc. raised its holdings in Alerian MLP ETF by 5.0% in the 1st quarter. J. L. Bainbridge & Co. Inc. now owns 5,680 shares of the exchange traded fund’s stock worth $299,000 after acquiring an additional 271 shares during the last quarter.

Alerian MLP ETF Price Performance

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

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).