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

Global X MLP ETF (NYSEARCA:MLPA) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 313,286 shares, an increase of 101.1% from the April 15th total of 155,813 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 166,331 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC bought a new position in shares of Global X MLP ETF during the third quarter valued at approximately $46,000. Turtle Creek Wealth Advisors LLC bought a new position in Global X MLP ETF in the first quarter worth approximately $102,000. NBC Securities Inc. grew its stake in Global X MLP ETF by 9.7% in the fourth quarter. NBC Securities Inc. now owns 2,683 shares of the company’s stock worth $130,000 after purchasing an additional 238 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Global X MLP ETF by 541.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,957 shares of the company’s stock worth $143,000 after purchasing an additional 2,496 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its stake in Global X MLP ETF by 1,461.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,060 shares of the company’s stock worth $148,000 after purchasing an additional 2,864 shares in the last quarter.

Global X MLP ETF Price Performance

Shares of MLPA traded up $0.13 during mid-day trading on Friday, reaching $55.39. 152,907 shares of the company’s stock traded hands, compared to its average volume of 270,780. The stock has a market cap of $2.20 billion, a P/E ratio of 14.42 and a beta of 0.47. The stock’s 50-day moving average is $54.03 and its two-hundred day moving average is $51.36. Global X MLP ETF has a 12 month low of $46.39 and a 12 month high of $55.74.

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.