Alerian MLP ETF (NYSEARCA:AMLP) Stock Short Interest Jumps 79.6%

Alerian MLP ETF (NYSEARCA:AMLP) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 3,346,495 shares, an increase of 79.6% from the September 30th total of 1,863,412 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average daily volume of 1,326,382 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On Alerian MLP ETF

Several hedge funds have recently modified their holdings of AMLP. Hollencrest Capital Management purchased a new position in Alerian MLP ETF during the second quarter worth approximately $35,000. Financial Network Wealth Advisors LLC acquired a new position in shares of Alerian MLP ETF in the 3rd quarter valued at $38,000. Independence Bank of Kentucky grew its stake in shares of Alerian MLP ETF by 75.0% during the 3rd quarter. Independence Bank of Kentucky now owns 805 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 345 shares during the period. MCF Advisors LLC purchased a new stake in shares of Alerian MLP ETF during the 2nd quarter valued at $46,000. Finally, Foresight Capital Management Advisors Inc. acquired a new stake in shares of Alerian MLP ETF during the 3rd quarter worth $65,000.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock traded up $0.19 during trading on Friday, hitting $54.06. The company’s stock had a trading volume of 931,363 shares, compared to its average volume of 1,472,156. The stock’s fifty day moving average is $53.90 and its 200 day moving average is $52.84. Alerian MLP ETF has a 1-year low of $46.04 and a 1-year high of $56.43. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 14.17 and a beta of 0.54.

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).