Alerian MLP (NYSEARCA:AMLP) was the recipient of a large decrease in short interest in the month of March. As of March 29th, there was short interest totalling 71,028,361 shares, a decrease of 7.8% from the March 15th total of 77,010,168 shares. Based on an average trading volume of 26,001,193 shares, the short-interest ratio is currently 2.7 days.
AMLP stock opened at $9.69 on Monday. Alerian MLP has a fifty-two week low of $9.01 and a fifty-two week high of $12.73.
Several hedge funds have recently bought and sold shares of the business. Broadleaf Partners LLC bought a new stake in shares of Alerian MLP in the 4th quarter worth approximately $1,224,000. Vanguard Capital Wealth Advisors bought a new stake in shares of Alerian MLP in the 4th quarter worth approximately $215,000. Summit Equities Inc bought a new stake in shares of Alerian MLP in the 4th quarter worth approximately $331,000. Miller Howard Investments Inc. NY boosted its position in shares of Alerian MLP by 3,172.4% in the 4th quarter. Miller Howard Investments Inc. NY now owns 1,265,472 shares of the exchange traded fund’s stock worth $13,654,000 after purchasing an additional 1,226,801 shares in the last quarter. Finally, Edge Wealth Management LLC boosted its position in shares of Alerian MLP by 65.7% in the 4th quarter. Edge Wealth Management LLC now owns 1,582,688 shares of the exchange traded fund’s stock worth $17,108,000 after purchasing an additional 627,719 shares in the last quarter.
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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