Alerian MLP ETF (NYSEARCA:AMLP) Short Interest Update

Alerian MLP ETF (NYSEARCA:AMLP) was the recipient of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 1,900,000 shares, a drop of 44.4% from the May 15th total of 3,420,000 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 1,377,200 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Alerian MLP ETF

A number of hedge funds have recently bought and sold shares of AMLP. Headlands Technologies LLC bought a new stake in shares of Alerian MLP ETF in the first quarter valued at $31,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of Alerian MLP ETF by 400.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 500 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Alerian MLP ETF in the first quarter valued at $34,000. Hurley Capital LLC bought a new stake in shares of Alerian MLP ETF in the fourth quarter valued at $32,000. Finally, Copia Wealth Management bought a new stake in shares of Alerian MLP ETF in the first quarter valued at $38,000.

Alerian MLP ETF Trading Down 0.2%

Shares of NYSEARCA:AMLP traded down $0.11 during mid-day trading on Friday, hitting $49.13. 1,016,486 shares of the company traded hands, compared to its average volume of 1,463,193. The stock has a market cap of $10.45 billion, a P/E ratio of 12.85 and a beta of 0.66. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24. The stock has a 50-day moving average price of $48.31 and a two-hundred day moving average price of $49.75.

Alerian MLP ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Wednesday, May 14th were issued a dividend of $0.98 per share. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $0.95. This represents a $3.92 dividend on an annualized basis and a yield of 7.98%.

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.