BP Prudhoe Bay Royalty Trust (NYSE:BPT) Short Interest Down 9.9% in August

BP Prudhoe Bay Royalty Trust (NYSE:BPT) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 1,370,000 shares, a decrease of 9.9% from the August 15th total of 1,520,000 shares. Based on an average daily volume of 118,700 shares, the short-interest ratio is currently 11.5 days. Approximately 6.4% of the company’s stock are short sold.

BP Prudhoe Bay Royalty Trust Price Performance

Shares of BPT traded down $0.02 during mid-day trading on Wednesday, reaching $1.47. The company’s stock had a trading volume of 67,916 shares, compared to its average volume of 144,727. The business has a fifty day moving average of $1.72 and a 200 day moving average of $2.14. BP Prudhoe Bay Royalty Trust has a 1 year low of $1.40 and a 1 year high of $7.67.

Institutional Trading of BP Prudhoe Bay Royalty Trust

Hedge funds have recently modified their holdings of the business. RS Crum Inc. purchased a new stake in shares of BP Prudhoe Bay Royalty Trust during the second quarter worth $50,000. StoneX Group Inc. purchased a new stake in shares of BP Prudhoe Bay Royalty Trust during the first quarter worth $92,000. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of 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 worth $220,000 after acquiring an additional 51,087 shares in the last quarter. Hedge funds and other institutional investors own 5.66% of the company’s stock.

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.