Short Interest in iPath Select MLP ETN (BATS:ATMP) Declines By 98.3%

iPath Select MLP ETN (BATS:ATMP) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 4,453 shares, a drop of 98.3% from the August 15th total of 255,268 shares. Based on an average daily volume of 22,050 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

iPath Select MLP ETN Stock Performance

Shares of BATS:ATMP traded down $0.41 during midday trading on Thursday, hitting $36.73. 14,187 shares of the stock were exchanged, compared to its average volume of 22,286. The business’s 50-day moving average price is $36.23 and its 200 day moving average price is $35.03. iPath Select MLP ETN has a 12 month low of $27.23 and a 12 month high of $37.38.

iPath Select MLP ETN Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Friday, August 28th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, August 28th.

Hedge Funds Weigh In On iPath Select MLP ETN

A hedge fund recently bought a new stake in iPath Select MLP ETN stock. JPMorgan Chase & Co. purchased a new position in shares of iPath Select MLP ETN (BATS:ATMP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,900 shares of the company’s stock, valued at approximately $114,000.

iPath Select MLP ETN Company Profile

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.