Why This $10 Million Antero Midstream Position Isn’t Likely Just a Plain-Vanilla Yield Play

New York City-based Ripple Effect Asset Management disclosed a new position in Antero Midstream Corporation (NYSE:AM), acquiring 510,000 shares valued at approximately $9.91 million, according to its November 14 SEC filing. The firm also reported holding put options underlying 600,000 shares and call options underlying another 225,000 shares.According to a filing with the U.S. Securities and Exchange Commission dated November 14, Ripple Effect Asset Management LP initiated a new stake in Antero Midstream Corporation (NYSE:AM), purchasing 510,000 shares. The estimated value of the new holding was $9.91 million at the close of the third quarter, based on the quarterly average price. The position accounts for 1.94% of the firm’s 13F reportable assets.Top holdings after the filing include:  Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool