InfraCap MLP ETF (NYSEARCA:AMZA) Sees Significant Drop in Short Interest

InfraCap MLP ETF (NYSEARCA:AMZA) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 36,126 shares, a decline of 79.4% from the August 15th total of 175,500 shares. Based on an average daily trading volume, of 33,523 shares, the short-interest ratio is presently 1.1 days. Approximately 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On InfraCap MLP ETF

A hedge fund recently raised its position in InfraCap MLP ETF stock. JPMorgan Chase & Co. grew its holdings in InfraCap MLP ETF (NYSEARCA:AMZA) by 60.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,118 shares of the company’s stock after purchasing an additional 1,175 shares during the period. JPMorgan Chase & Co.’s holdings in InfraCap MLP ETF were worth $135,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 7.34% of the company’s stock.

InfraCap MLP ETF Stock Performance

AMZA opened at $50.94 on Friday. The stock’s 50 day moving average price is $49.20 and its 200-day moving average price is $47.21. InfraCap MLP ETF has a one year low of $38.01 and a one year high of $51.48. The stock has a market cap of $489.53 million, a price-to-earnings ratio of 14.90 and a beta of 0.67.

About InfraCap MLP ETF

Infrastructure Capital Advisors, LLC is an SEC-registered investment advisor that manages an actively managed ETF and a series of private investment partnerships. The firm was formed in 2012 and is based in New York City.