Spectra Energy Partners LP (SEP) : Traders are getting increasingly bearish on Spectra Energy Partners LP (SEP), as can be seen in the addition of short positions from 1,707,318 on Jul 29, 2016, to 1,799,524 on August 15, 2016. The net change in shorts is 92,206 shares, an increase of 5.4%. 4 days remain before the expiry. The 3.2% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 410,942. The short interest information was released on Wednesday Aug 24th after the market close.
Spectra Energy Partners LP (NYSE:SEP): The stock opened at $46.12 on Wednesday but the bulls could not build on the opening and the stock topped out at $46.24 for the day. The stock traded down to $45.81 during the day, due to lack of any buying support eventually closed down at $45.95 with a loss of -0.33% for the day. The stock had closed at $46.10 on the previous day. The total traded volume was 310,595 shares.
In a related news, Woodward J D, director of Spectra Energy Partners, Lp had purchased 1,500 shares on December 4, 2015 in a transaction. The price per share was $39.3 and the total amount of the disclosed transaction was $58,950.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Spectra Energy Partners, LP is engaged in the transmission, storage and gathering of natural gas, the transportation and storage of crude oil, and the transportation of natural gas liquids (NGLs. The Company owns and operates natural gas transmission, gathering and storage assets, and crude oil transportation and storage assets, in central, southern and eastern United States, as well as western Canada. The Company operates two segments: U.S. Transmission, and Liquids. The Companys U.S. Transmission business provides transmission, storage, and gathering of natural gas for customers in various regions of the northeastern and southeastern United States. The Companys Liquids business provides transportation and storage of crude oil and transportation of NGLs for customers in central and southern United States and Canada.