Alerian MLP (NYSEARCA:AMLP) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 36,998,314 shares, an increase of 9.6% from the January 12th total of 33,771,116 shares. Based on an average daily volume of 14,718,758 shares, the days-to-cover ratio is currently 2.5 days.
Alerian MLP (AMLP) opened at $10.61 on Tuesday. Alerian MLP has a 1-year low of $9.79 and a 1-year high of $13.11. The company has a market capitalization of $9,900.00 and a P/E ratio of 5.15.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, February 9th were issued a dividend of $0.2066 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.83 dividend on an annualized basis and a yield of 7.79%. This is a boost from Alerian MLP’s previous quarterly dividend of $0.21. Alerian MLP’s payout ratio is presently 40.78%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Wealth Planning LLC bought a new stake in Alerian MLP during the 4th quarter valued at $108,000. Lake Street Advisors Group LLC purchased a new stake in Alerian MLP during the 4th quarter valued at about $115,000. Colony Group LLC purchased a new stake in Alerian MLP during the 2nd quarter valued at about $135,000. Frontier Investment Mgmt Co. purchased a new stake in Alerian MLP during the 2nd quarter valued at about $138,000. Finally, Westside Investment Management Inc. grew its stake in Alerian MLP by 97.9% during the 4th quarter. Westside Investment Management Inc. now owns 12,500 shares of the exchange traded fund’s stock valued at $142,000 after purchasing an additional 6,185 shares during the last quarter.
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About Alerian MLP
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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