Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Stock Short Interest Drops 38.0%

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 193,395 shares, a drop of 38.0% from the September 15th total of 311,909 shares. Based on an average daily volume of 103,638 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Alerian Energy Infrastructure ETF

A hedge fund recently bought a new stake in Alerian Energy Infrastructure ETF stock. Bank of New York Mellon Corp acquired a new stake in Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 13,828 shares of the company’s stock, valued at approximately $528,000. Bank of New York Mellon Corp owned about 0.12% of Alerian Energy Infrastructure ETF as of its most recent SEC filing.

Alerian Energy Infrastructure ETF Stock Up 2.4%

ENFR stock traded up $0.91 during trading on Friday, hitting $38.43. 46,093 shares of the company’s stock traded hands, compared to its average volume of 88,280. The stock has a market capitalization of $544.95 million, a price-to-earnings ratio of 18.78 and a beta of 0.65. Alerian Energy Infrastructure ETF has a 52 week low of $29.83 and a 52 week high of $40.95. The stock has a fifty day moving average price of $38.91 and a two-hundred day moving average price of $38.63.

Alerian Energy Infrastructure ETF Company Profile

The Alerian Energy Infrastructure ETF (ENFR) is an exchange-traded fund that is based on the Alerian Midstream Energy Select index. The fund tracks an index of energy infrastructure companies in the US and Canada, weighted by market capitalization. ENFR was launched on Nov 1, 2013 and is managed by Alerian.