Global X MLP & Energy Infrastructure Covered Call ETF (NYSEARCA:MLPD) Sees Large Drop in Short Interest

Global X MLP & Energy Infrastructure Covered Call ETF (NYSEARCA:MLPD) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 2,523 shares, a decrease of 67.0% from the April 15th total of 7,654 shares. Based on an average daily trading volume, of 13,134 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Global X MLP & Energy Infrastructure Covered Call ETF Trading Up 0.9%

MLPD stock traded up $0.23 during trading on Friday, hitting $25.64. The company had a trading volume of 40,143 shares, compared to its average volume of 17,463. The business has a 50-day moving average of $25.43 and a 200-day moving average of $25.31. Global X MLP & Energy Infrastructure Covered Call ETF has a one year low of $24.06 and a one year high of $25.95. The stock has a market cap of $29.49 million, a PE ratio of 18.56 and a beta of 0.08.

About Global X MLP & Energy Infrastructure Covered Call ETF

The Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) is an exchange-traded fund that is based on the CBOE MLPX ATM BuyWrite index. The fund tracks an index of long positions in the Global X MLP & Energy Infrastructure ETF (MLPX) and writes one-month, at-the-money call options on up to 100% of the underlying portfolio. MLPD was launched on May 7, 2024 and is issued by Global X.