iPath Select MLP ETN (BATS:ATMP) Short Interest Update

iPath Select MLP ETN (BATS:ATMP) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 41,012 shares, a growth of 821.0% from the August 31st total of 4,453 shares. Based on an average daily volume of 16,212 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.2% of the company’s stock are sold short.

iPath Select MLP ETN Price Performance

Shares of ATMP stock traded down $0.11 during trading hours on Thursday, reaching $35.35. The company had a trading volume of 27,541 shares, compared to its average volume of 22,120. iPath Select MLP ETN has a twelve month low of $27.23 and a twelve month high of $37.38. The stock’s fifty day simple moving average is $36.42 and its 200 day simple moving average is $35.20.

iPath Select MLP ETN Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Friday, August 28th were paid a dividend of $0.40 per share. This is a decrease from iPath Select MLP ETN’s previous quarterly dividend of $0.4088. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, August 28th.

iPath Select MLP ETN Company Profile

The Barclays ETN+ Select MLP ETN (ATMP) is an exchange-traded fund that is based on the CIBC Atlas Select MLP VWAP index. The fund tracks a tiered-weighted index consisting of US and Canadian MLPs and general partners of MLPs that are selected based on fundamental criteria. ATMP was launched on Mar 12, 2013 and is issued by Barclays.