BP Prudhoe Bay Royalty Trust (NYSE:BPT) Short Interest Up 7.1% in October

BP Prudhoe Bay Royalty Trust (NYSE:BPT) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,270,000 shares, a growth of 7.1% from the September 30th total of 2,120,000 shares. Based on an average daily volume of 269,500 shares, the short-interest ratio is currently 8.4 days. Approximately 10.6% of the company’s shares are short sold.

A number of hedge funds have recently modified their holdings of BPT. Morgan Stanley boosted its position in BP Prudhoe Bay Royalty Trust by 152.5% in the 2nd quarter. Morgan Stanley now owns 168,744 shares of the oil and gas company’s stock valued at $2,610,000 after buying an additional 101,914 shares during the period. United Asset Strategies Inc. acquired a new stake in shares of BP Prudhoe Bay Royalty Trust in the 2nd quarter valued at $313,000. Advantage Investment Management LLC raised its holdings in shares of BP Prudhoe Bay Royalty Trust by 172.0% in the 3rd quarter. Advantage Investment Management LLC now owns 29,442 shares of the oil and gas company’s stock valued at $271,000 after purchasing an additional 18,619 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of BP Prudhoe Bay Royalty Trust in the 2nd quarter valued at $275,000. Finally, Jane Street Group LLC acquired a new stake in shares of BP Prudhoe Bay Royalty Trust in the 2nd quarter valued at $234,000. 5.54% of the stock is owned by institutional investors.

NYSE:BPT opened at $7.21 on Monday. BP Prudhoe Bay Royalty Trust has a fifty-two week low of $7.06 and a fifty-two week high of $28.27. The stock has a market capitalization of $152.80 million, a P/E ratio of 2.18 and a beta of -0.18. The company has a 50 day moving average price of $8.29 and a 200 day moving average price of $12.37.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 18th were given a $0.335 dividend. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $1.34 annualized dividend and a yield of 18.59%.

BP Prudhoe Bay Royalty Trust Company Profile

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interest comprising a non-operational interest in minerals 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.

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