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

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

iPath Select MLP ETN Trading Down 1.1%

Shares of BATS ATMP traded down $0.41 during trading on Thursday, reaching $36.73. The company had a trading volume of 14,187 shares, compared to its average volume of 22,286. The company’s fifty 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Friday, August 28th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, August 28th.

Institutional Trading of iPath Select MLP ETN

An institutional investor recently bought a new position in iPath Select MLP ETN stock. JPMorgan Chase & Co. purchased a new position in shares of iPath Select MLP ETN (BATS:ATMP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm 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.