Short Interest in Global X MLP ETF (NYSEARCA:MLPA) Declines By 18.7%

Global X MLP ETF (NYSEARCA:MLPA) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 177,977 shares, a decline of 18.7% from the February 26th total of 218,818 shares. Based on an average daily volume of 318,229 shares, the short-interest ratio is presently 0.6 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Trading of Global X MLP ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. bought a new position in shares of Global X MLP ETF during the 1st quarter valued at about $761,000. Empowered Funds LLC purchased a new stake in shares of Global X MLP ETF in the first quarter worth about $1,555,000. CreativeOne Wealth LLC lifted its position in shares of Global X MLP ETF by 8.1% in the second quarter. CreativeOne Wealth LLC now owns 5,014 shares of the company’s stock worth $252,000 after buying an additional 377 shares in the last quarter. Choreo LLC boosted its stake in Global X MLP ETF by 6.5% during the second quarter. Choreo LLC now owns 14,167 shares of the company’s stock valued at $711,000 after buying an additional 867 shares during the last quarter. Finally, Lido Advisors LLC boosted its stake in Global X MLP ETF by 20.0% during the second quarter. Lido Advisors LLC now owns 24,037 shares of the company’s stock valued at $1,207,000 after buying an additional 4,007 shares during the last quarter.

Global X MLP ETF Price Performance

MLPA stock opened at $53.87 on Wednesday. Global X MLP ETF has a 1-year low of $45.09 and a 1-year high of $55.74. The business has a 50 day simple moving average of $53.05 and a two-hundred day simple moving average of $50.11. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 14.42 and a beta of 0.64.

Global X MLP ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were given a dividend of $1.00 per share. This is a positive change from Global X MLP ETF’s previous quarterly dividend of $0.98. This represents a $4.00 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date was Monday, February 9th.

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.