Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Sees Strong Trading Volume – Here’s What Happened

Shares of Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) saw unusually-high trading volume on Tuesday . 352,914 shares changed hands during trading, an increase of 311% from the previous session’s volume of 85,839 shares.The stock last traded at $39.22 and had previously closed at $39.25.

Alerian Energy Infrastructure ETF Trading Down 0.5%

The firm has a market cap of $513.69 million, a price-to-earnings ratio of 18.78 and a beta of 0.61. The stock’s 50 day moving average is $39.60 and its 200 day moving average is $38.57.

Hedge Funds Weigh In On Alerian Energy Infrastructure ETF

A hedge fund recently bought a new position in Alerian Energy Infrastructure ETF stock. Bank of New York Mellon Corp bought a new position in shares of Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,828 shares of the company’s stock, valued at approximately $528,000. Bank of New York Mellon Corp owned 0.12% of Alerian Energy Infrastructure ETF at the end of the most recent quarter.

About Alerian Energy Infrastructure ETF

The Alerian Energy Infrastructure ETF (ENFR) is an exchange-traded fund that is based on the Alerian Midstream Energy Select index. The fund tracks an index of energy infrastructure companies in the US and Canada, weighted by market capitalization. ENFR was launched on Nov 1, 2013 and is managed by Alerian.