Affiliated Managers Group (AMG) : Traders are negative on Affiliated Managers Group (AMG), as it has 1.1% of short positions outstanding compared to its float. The total shorts have reduced by -146,381 shares, which is a -20.7% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,708,840 to 562,459 shares. While the daily trading volume of the stock is 414,486, there are 1 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Affiliated Managers Group (NYSE:AMG): The stock opened at $143.55 on Wednesday but the bulls could not build on the opening and the stock topped out at $144.06 for the day. The stock traded down to $140.96 during the day, due to lack of any buying support eventually closed down at $141.21 with a loss of -1.70% for the day. The stock had closed at $143.65 on the previous day. The total traded volume was 581,623 shares.
Affiliated Managers Group, Inc. (AMG) is a global asset management company with equity investments in a diverse group of boutique investment management firms (Affiliates). The Company manages approximately $620.2 billion in assets through its affiliates across a range of asset classes and investment styles in three principal distribution channels: institutional, mutual fund and high net worth. The Companys Institutional Distribution Channel, through its Affiliates, manages assets for large institutional investors across the world, including sovereign wealth funds, foundations, endowments, and retirement plans for corporations and municipalities. As part of the Companys mutual fund distribution channel, the Company, through its Affiliates, provides advisory or sub-advisory services to mutual funds, UCITS and other retail-oriented products. Through the Companys affiliates, it provides advisory services to ultra-high net worth individuals and family trusts.