Global X MLP ETF (NYSEARCA:MLPA) Sees Large Drop in Short Interest

Global X MLP ETF (NYSEARCA:MLPA) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 360,023 shares, a decrease of 34.6% from the June 15th total of 550,851 shares. Based on an average daily volume of 185,249 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.9% of the shares of the company are short sold.

Institutional Investors Weigh In On Global X MLP ETF

Hedge funds have recently added to or reduced their stakes in the business. Foundations Investment Advisors LLC lifted its holdings in shares of Global X MLP ETF by 4,705.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 254,505 shares of the company’s stock valued at $12,321,000 after buying an additional 249,209 shares during the period. Greenspring Advisors LLC boosted its position in Global X MLP ETF by 5,502.2% in the 4th quarter. Greenspring Advisors LLC now owns 236,859 shares of the company’s stock worth $11,466,000 after purchasing an additional 232,631 shares in the last quarter. Quadrature Capital Ltd boosted its holdings in Global X MLP ETF by 2,831.8% during the fourth quarter. Quadrature Capital Ltd now owns 160,544 shares of the company’s stock worth $7,772,000 after buying an additional 155,068 shares in the last quarter. Matrix Private Capital Group LLC acquired a new stake in Global X MLP ETF during the first quarter valued at $7,641,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Global X MLP ETF by 29,373.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 135,874 shares of the company’s stock valued at $6,578,000 after buying an additional 135,413 shares in the last quarter.

Global X MLP ETF Price Performance

Shares of MLPA stock opened at $55.37 on Friday. The business has a fifty day moving average of $54.00 and a 200 day moving average of $53.05. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 14.42 and a beta of 0.45. Global X MLP ETF has a 1 year low of $46.39 and a 1 year high of $56.53.

Global X MLP ETF Company Profile

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.