Alerian MLP (NYSE:AMLP) saw a significant increase in short interest during the month of July. As of July 14th, there was short interest totalling 38,803,629 shares, an increase of 64.4% from the June 30th total of 23,603,148 shares. Based on an average daily trading volume, of 12,654,603 shares, the short-interest ratio is currently 3.1 days.
Several hedge funds and other institutional investors have recently modified their holdings of AMLP. Greenleaf Trust boosted its position in shares of Alerian MLP by 2.4% in the second quarter. Greenleaf Trust now owns 32,045 shares of the exchange traded fund’s stock valued at $383,000 after buying an additional 750 shares in the last quarter. Wellington Shields & Co. LLC boosted its position in shares of Alerian MLP by 0.6% in the second quarter. Wellington Shields & Co. LLC now owns 47,344 shares of the exchange traded fund’s stock valued at $566,000 after buying an additional 282 shares in the last quarter. Moloney Securities Asset Management LLC boosted its position in shares of Alerian MLP by 8.3% in the second quarter. Moloney Securities Asset Management LLC now owns 71,923 shares of the exchange traded fund’s stock valued at $860,000 after buying an additional 5,487 shares in the last quarter. A. D. Beadell Investment Counsel Inc. bought a new position in shares of Alerian MLP during the second quarter valued at $126,000. Finally, Montecito Bank & Trust bought a new position in shares of Alerian MLP during the second quarter valued at $1,685,000.
Alerian MLP (AMLP) opened at 11.08 on Friday. Alerian MLP has a 52 week low of $11.05 and a 52 week high of $13.31. The company’s 50-day moving average price is $11.83 and its 200-day moving average price is $12.36.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Friday, August 11th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 7.76%. The ex-dividend date is Wednesday, August 9th.
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About Alerian MLP
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.
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