BP Prudhoe Bay Royalty Trust (NYSE:BPT – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,840,000 shares, an increase of 33.3% from the September 15th total of 1,380,000 shares. Based on an average daily trading volume, of 156,300 shares, the short-interest ratio is currently 11.8 days. Currently, 8.6% of the company’s stock are sold short.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. raised its stake in shares of BP Prudhoe Bay Royalty Trust by 129.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 90,620 shares of the oil and gas company’s stock worth $220,000 after purchasing an additional 51,087 shares during the period. StoneX Group Inc. bought a new position in BP Prudhoe Bay Royalty Trust during the first quarter valued at about $92,000. Finally, RS Crum Inc. purchased a new stake in BP Prudhoe Bay Royalty Trust during the second quarter worth about $50,000. Hedge funds and other institutional investors own 5.66% of the company’s stock.
BP Prudhoe Bay Royalty Trust Price Performance
Shares of NYSE BPT traded down $0.12 during midday trading on Tuesday, reaching $1.25. The company’s stock had a trading volume of 108,022 shares, compared to its average volume of 154,266. The firm has a 50 day moving average price of $1.45 and a 200-day moving average price of $2.00. BP Prudhoe Bay Royalty Trust has a 12-month low of $1.04 and a 12-month high of $5.86.
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.
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