American Equity Investment Life Holding Company (AEL) : 3 days before expiry, shorts in American Equity Investment Life Holding Company (AEL) have reduced from 7,757,974 on Jul 29, 2016, to 1,955,690 on August 15, 2016. On an average, 587,576 shares are traded on the exchange. The outstanding bearish positions are equal to 2.5% of the float. Short sellers have covered -5,802,284 shares, a reduction of -74.8%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
American Equity Investment Life Holding Company (NYSE:AEL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.58 and $16.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.73, notching a gain of 0.84% for the day. The total traded volume was 407,013 . The stock had closed at $16.59 on the previous day.
In a related news, Grensteiner Ronald James, officer (Executive Vice President) of American Equity Investment Life Holding Co, executed a transaction worth $24,922 on June 30, 2016. A total of 1,770 shares were purchased at an average price of $14.08. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its wholly owned life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company (Eagle Life). The Companys business consists primarily of the sale of fixed index and fixed rate annuities. The Companys products include Fixed Index Annuities, Fixed Rate Annuities, Withdrawal Options-Fixed Index and Fixed Rate Annuities and Life Insurance.