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

Global X MLP & Energy Infrastructure Covered Call ETF (NYSEARCA:MLPD) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 7,814 shares, a drop of 66.3% from the July 15th total of 23,164 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 13,229 shares, the short-interest ratio is currently 0.6 days.

Global X MLP & Energy Infrastructure Covered Call ETF Stock Up 1.2%

Global X MLP & Energy Infrastructure Covered Call ETF stock traded up $0.31 during midday trading on Friday, hitting $25.25. 3,500 shares of the stock were exchanged, compared to its average volume of 14,812. The stock has a market capitalization of $31.56 million, a PE ratio of 18.56 and a beta of 0.03. The company has a fifty day simple moving average of $24.94 and a two-hundred day simple moving average of $25.24. Global X MLP & Energy Infrastructure Covered Call ETF has a 52 week low of $24.25 and a 52 week high of $25.95.

Global X MLP & Energy Infrastructure Covered Call ETF Company Profile

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.