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

Global X MLP ETF (NYSEARCA:MLPA) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 945,490 shares, a growth of 91.7% from the September 30th total of 493,275 shares. Based on an average daily volume of 350,812 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.2% of the shares of the stock are sold short.

Global X MLP ETF Stock Up 0.9%

Shares of Global X MLP ETF stock opened at $55.88 on Friday. Global X MLP ETF has a 12-month low of $47.01 and a 12-month high of $58.00. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 14.42 and a beta of 0.49. The firm’s 50-day moving average price is $55.38 and its two-hundred day moving average price is $54.26.

Institutional Trading of Global X MLP ETF

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada grew 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 valued at $21,733,000 after purchasing an additional 26,983 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Global X MLP ETF by 8.2% in the 1st quarter. NewEdge Advisors LLC now owns 119,020 shares of the company’s stock valued at $6,412,000 after purchasing an additional 9,010 shares during the last quarter. Morton Capital Management LLC CA bought a new position in Global X MLP ETF in the 3rd quarter valued at approximately $672,000. Gradient Investments LLC boosted its position in Global X MLP ETF by 3.4% in the second quarter. Gradient Investments LLC now owns 436,144 shares of the company’s stock valued at $23,151,000 after buying an additional 14,343 shares in the last quarter. Finally, Matrix Private Capital Group LLC acquired a new stake in Global X MLP ETF in the first quarter valued at approximately $7,641,000.

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.