Global X MLP & Energy Infrastructure Covered Call ETF (NYSEARCA:MLPD) Short Interest Up 231.8% in February

Global X MLP & Energy Infrastructure Covered Call ETF (NYSEARCA:MLPD) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 13,072 shares, a growth of 231.8% from the February 12th total of 3,940 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average daily volume of 15,191 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 15,191 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.1% of the company’s stock are sold short.

Global X MLP & Energy Infrastructure Covered Call ETF Price Performance

Global X MLP & Energy Infrastructure Covered Call ETF stock traded up $0.01 during midday trading on Friday, hitting $25.77. 19,858 shares of the stock were exchanged, compared to its average volume of 14,743. The company has a 50 day moving average price of $25.39 and a two-hundred day moving average price of $25.32. The firm has a market cap of $16.24 million, a P/E ratio of 18.56 and a beta of 0.25. Global X MLP & Energy Infrastructure Covered Call ETF has a 1 year low of $21.30 and a 1 year high of $25.95.

Global X MLP & Energy Infrastructure Covered Call ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Monday, February 23rd were issued a $0.2573 dividend. This is an increase from Global X MLP & Energy Infrastructure Covered Call ETF’s previous monthly dividend of $0.25. This represents a c) dividend on an annualized basis and a yield of 12.0%. The ex-dividend date of this dividend was Monday, February 23rd.

Global X MLP & Energy Infrastructure Covered Call ETF Company Profile

The Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) is an exchange-traded fund that is based on the CBOE MLPX ATM BuyWrite index. The fund tracks an index of long positions in the Global X MLP & Energy Infrastructure ETF (MLPX) and writes one-month, at-the-money call options on up to 100% of the underlying portfolio. MLPD was launched on May 7, 2024 and is issued by Global X.