Short Interest in BP Prudhoe Bay Royalty Trust (NYSE:BPT) Grows By 5.4%

BP Prudhoe Bay Royalty Trust (NYSE:BPT) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 2,920,000 shares, a growth of 5.4% from the November 30th total of 2,770,000 shares. Approximately 13.6% of the shares of the company are sold short. Based on an average daily volume of 248,900 shares, the short-interest ratio is currently 11.7 days.

BP Prudhoe Bay Royalty Trust Price Performance

NYSE:BPT opened at $0.56 on Friday. The stock has a 50-day simple moving average of $0.91 and a two-hundred day simple moving average of $1.42. BP Prudhoe Bay Royalty Trust has a 52-week low of $0.52 and a 52-week high of $3.20.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BP Prudhoe Bay Royalty Trust stock. Welch Group LLC lifted its position in BP Prudhoe Bay Royalty Trust (NYSE:BPT) by 60.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,759 shares of the oil and gas company’s stock after purchasing an additional 12,700 shares during the period. Welch Group LLC owned about 0.16% of BP Prudhoe Bay Royalty Trust worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 5.66% of the stock is currently owned by institutional investors.

BP Prudhoe Bay Royalty Trust Company Profile

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. It is involved in holding overriding royalty interest in the Prudhoe Bay oil field located on the North Slope of Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 gross productive acres.