Alerian MLP (NYSEARCA:AMLP) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 19,448,082 shares, a decline of 18.5% from the October 13th total of 23,852,883 shares. Based on an average trading volume of 14,522,927 shares, the short-interest ratio is currently 1.3 days.
Shares of Alerian MLP (NYSEARCA AMLP) traded down $0.20 on Wednesday, reaching $10.20. 16,446,108 shares of the company’s stock traded hands, compared to its average volume of 10,190,687. Alerian MLP has a 1-year low of $9.79 and a 1-year high of $13.31.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, November 10th were given a dividend of $0.2052 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.82 dividend on an annualized basis and a yield of 8.05%. Alerian MLP’s dividend payout ratio (DPR) is currently 41.75%.
A number of institutional investors and hedge funds have recently modified their holdings of AMLP. American Research & Management Co. raised its holdings in shares of Alerian MLP by 73.6% in the 2nd quarter. American Research & Management Co. now owns 9,200 shares of the exchange traded fund’s stock worth $110,000 after acquiring an additional 3,900 shares during the last quarter. A. D. Beadell Investment Counsel Inc. purchased a new stake in Alerian MLP in the 2nd quarter valued at about $126,000. Schroder Investment Management Group purchased a new stake in Alerian MLP in the 2nd quarter valued at about $133,000. Colony Group LLC purchased a new stake in Alerian MLP in the 2nd quarter valued at about $135,000. Finally, Frontier Investment Mgmt Co. purchased a new stake in Alerian MLP in the 2nd quarter valued at about $138,000.
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Alerian MLP Company Profile
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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