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

Global X MLP ETF (NYSEARCA:MLPA) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 117,637 shares, a drop of 88.4% from the December 15th total of 1,011,701 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 365,463 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 365,463 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s stock are short sold.

Global X MLP ETF Stock Up 0.8%

MLPA stock traded up $0.41 during mid-day trading on Monday, reaching $49.68. The company had a trading volume of 244,029 shares, compared to its average volume of 336,604. The stock’s 50-day simple moving average is $48.50 and its two-hundred day simple moving average is $49.00. The stock has a market capitalization of $1.91 billion, a P/E ratio of 14.42 and a beta of 0.64. Global X MLP ETF has a one year low of $45.09 and a one year high of $54.53.

Institutional Investors Weigh In On Global X MLP ETF

Several hedge funds have recently modified their holdings of the stock. Exchange Traded Concepts LLC purchased a new position in Global X MLP ETF during the second quarter valued at approximately $6,684,000. Global Retirement Partners LLC acquired a new stake in shares of Global X MLP ETF during the 2nd quarter valued at $5,045,000. Blue Edge Capital LLC purchased a new position in shares of Global X MLP ETF during the 2nd quarter valued at $3,409,000. Bank of America Corp DE increased its stake in shares of Global X MLP ETF by 3.7% in the third quarter. Bank of America Corp DE now owns 1,187,268 shares of the company’s stock worth $57,488,000 after acquiring an additional 42,273 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Global X MLP ETF by 68.8% during the third quarter. Ameriprise Financial Inc. now owns 101,845 shares of the company’s stock worth $4,932,000 after acquiring an additional 41,503 shares in the last quarter.

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.