Global X MLP ETF (NYSEARCA:MLPA) Short Interest Update

Global X MLP ETF (NYSEARCA:MLPA) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 468,681 shares, a growth of 298.4% from the December 31st total of 117,637 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 285,674 shares, the days-to-cover ratio is presently 1.6 days. Based on an average trading volume of 285,674 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Global X MLP ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MLPA. Clean Yield Group bought a new stake in shares of Global X MLP ETF during the third quarter worth $26,000. Smartleaf Asset Management LLC acquired a new stake in Global X MLP ETF in the third quarter worth about $46,000. Private Trust Co. NA raised its holdings in Global X MLP ETF by 39.2% during the 3rd quarter. Private Trust Co. NA now owns 1,066 shares of the company’s stock worth $52,000 after purchasing an additional 300 shares during the last quarter. Blue Trust Inc. lifted its position in Global X MLP ETF by 230.0% during the 2nd quarter. Blue Trust Inc. now owns 1,099 shares of the company’s stock valued at $55,000 after purchasing an additional 766 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in shares of Global X MLP ETF in the 2nd quarter valued at about $88,000.

Global X MLP ETF Price Performance

Shares of MLPA stock traded up $0.25 during trading hours on Wednesday, reaching $51.36. 15,140 shares of the company were exchanged, compared to its average volume of 233,005. Global X MLP ETF has a fifty-two week low of $45.09 and a fifty-two week high of $54.53. The stock’s fifty day moving average is $49.07 and its two-hundred day moving average is $49.03. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 14.42 and a beta of 0.64.

About Global X MLP ETF

The Global X MLP ETF (MLPA) is an exchange-traded fund that is based on the Solactive MLP Infrastructure index, a market-cap-weighted index of US-listed midstream MLPs, and is structured as a C-corporation. MLPA was launched on Apr 18, 2012 and is managed by Global X.