American Electric Power Company, Inc. (NASDAQ:AEP – Get Free Report) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 9,130,000 shares, an increase of 8.7% from the April 15th total of 8,400,000 shares. Based on an average daily trading volume, of 3,790,000 shares, the days-to-cover ratio is presently 2.4 days.
Hedge Funds Weigh In On American Electric Power
Several hedge funds and other institutional investors have recently modified their holdings of AEP. Wellington Management Group LLP raised its position in American Electric Power by 14.4% during the 3rd quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock worth $2,150,657,000 after buying an additional 3,589,451 shares during the last quarter. Nomura Holdings Inc. purchased a new position in American Electric Power during…
