BP Prudhoe Bay Royalty Trust (NYSE:BPT) Short Interest Update

BP Prudhoe Bay Royalty Trust (NYSE:BPT) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 1,350,000 shares, a growth of 18.4% from the July 15th total of 1,140,000 shares. Approximately 6.3% of the company’s stock are short sold. Based on an average daily volume of 129,400 shares, the short-interest ratio is currently 10.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. RS Crum Inc. acquired a new position in BP Prudhoe Bay Royalty Trust during the second quarter worth $50,000. StoneX Group Inc. bought a new stake in BP Prudhoe Bay Royalty Trust during the first quarter worth approximately $92,000. Finally, Oppenheimer & Co. Inc. grew its holdings in BP Prudhoe Bay Royalty Trust by 129.2% during the first quarter. Oppenheimer & Co. Inc. now owns 90,620 shares of the oil and gas company’s stock valued at $220,000 after purchasing an additional 51,087 shares during the last quarter. Hedge funds and other institutional investors own 5.66% of the company’s stock.

BP Prudhoe Bay Royalty Trust Stock Down 7.6 %

BP Prudhoe Bay Royalty Trust stock traded down $0.14 during trading hours on Friday, hitting $1.71. The company had a trading volume of 136,190 shares, compared to its average volume of 153,154. The firm’s fifty day moving average is $2.07 and its 200-day moving average is $2.29. BP Prudhoe Bay Royalty Trust has a fifty-two week low of $1.46 and a fifty-two week high of $7.67.

About BP Prudhoe Bay Royalty Trust

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.