Global X MLP ETF (NYSEARCA:MLPA) Sees Significant Growth in Short Interest

Global X MLP ETF (NYSEARCA:MLPA) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 493,275 shares, an increase of 113.3% from the September 15th total of 231,258 shares. Based on an average daily trading volume, of 272,809 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.2% of the company’s shares are short sold.

Global X MLP ETF Stock Down 0.3%

NYSEARCA:MLPA traded down $0.18 on Tuesday, hitting $53.88. The stock had a trading volume of 78,372 shares, compared to its average volume of 234,070. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 14.42 and a beta of 0.49. The company has a fifty day moving average price of $55.92 and a two-hundred day moving average price of $54.83. Global X MLP ETF has a 1-year low of $46.51 and a 1-year high of $58.00.

Institutional Trading of Global X MLP ETF

Hedge funds have recently made changes to their positions in the business. Legacy Wealth Asset Management LLC acquired a new position in Global X MLP ETF during the 3rd quarter worth approximately $12,139,000. Matrix Private Capital Group LLC acquired a new stake in shares of Global X MLP ETF in the first quarter valued at about $7,641,000. Fifth Third Bancorp acquired a new position in Global X MLP ETF during the first quarter worth about $5,886,000. Rockefeller Capital Management L.P. increased its stake in Global X MLP ETF by 31.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 399,223 shares of the company’s stock valued at $19,326,000 after purchasing an additional 94,623 shares in the last quarter. Finally, Clear Trail Advisors LLC purchased a new position in Global X MLP ETF during the 1st quarter valued at about $4,976,000.

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.