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

Global X MLP ETF (NYSEARCA:MLPA) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 360,023 shares, a decrease of 34.6% from the June 15th total of 550,851 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 185,249 shares, the days-to-cover ratio is currently 1.9 days.

Hedge Funds Weigh In On Global X MLP ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its position in Global X MLP ETF by 3.7% during 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. UBS Group AG raised its holdings in Global X MLP ETF by 3.6% in the 4th quarter. UBS Group AG now owns 1,047,656 shares of the company’s stock valued at $50,717,000 after acquiring an additional 36,634 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Global X MLP ETF by 0.6% in the 4th quarter. Evergreen Capital Management LLC now owns 489,625 shares of the company’s stock valued at $23,703,000 after acquiring an additional 3,150 shares during the last quarter. Gradient Investments LLC lifted its stake in Global X MLP ETF by 2.4% in the 4th quarter. Gradient Investments LLC now owns 458,127 shares of the company’s stock worth $22,178,000 after purchasing an additional 10,858 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Global X MLP ETF by 7.2% during the 1st quarter. Royal Bank of Canada now owns 403,392 shares of the company’s stock worth $21,733,000 after purchasing an additional 26,983 shares during the last quarter.

Global X MLP ETF Stock Up 1.4%

MLPA opened at $55.37 on Friday. The firm’s fifty day simple moving average is $54.00 and its two-hundred day simple moving average is $53.05. Global X MLP ETF has a 52-week low of $46.39 and a 52-week high of $56.53. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 14.42 and a beta of 0.45.

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.