Stock Traders Buy High Volume of Alerian MLP ETF Put Options (NYSEARCA:AMLP)

Alerian MLP ETF (NYSEARCA:AMLP) was the recipient of some unusual options trading on Thursday. Investors purchased 5,054 put options on the stock. This is an increase of 641% compared to the average daily volume of 682 put options.

Alerian MLP ETF Price Performance

Shares of NYSEARCA AMLP traded up $0.50 during mid-day trading on Thursday, reaching $51.29. 652,299 shares of the company’s stock were exchanged, compared to its average volume of 1,679,546. The firm has a 50-day moving average price of $48.87 and a two-hundred day moving average price of $47.83. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 52 week low of $42.25 and a 52 week high of $51.47.

Institutional Trading of Alerian MLP ETF

Several hedge funds have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB lifted its stake in Alerian MLP ETF by 808.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 7,798 shares of the exchange traded fund’s stock worth $376,000 after purchasing an additional 6,940 shares during the last quarter. Diversify Advisory Services LLC lifted its position in Alerian MLP ETF by 34.1% in the 4th quarter. Diversify Advisory Services LLC now owns 7,055 shares of the exchange traded fund’s stock worth $347,000 after buying an additional 1,793 shares during the last quarter. J2 Capital Management Inc purchased a new stake in Alerian MLP ETF in the fourth quarter worth approximately $682,000. BTS Asset Management Inc. bought a new stake in shares of Alerian MLP ETF in the 4th quarter worth approximately $317,000. Finally, Shikiar Asset Management Inc. boosted its stake in shares of Alerian MLP ETF by 4.6% during the fourth quarter. Shikiar Asset Management Inc. now owns 200,925 shares of the exchange traded fund’s stock valued at $9,677,000 after purchasing an additional 8,770 shares during the period.

About Alerian MLP ETF

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.