Global X MLP ETF (NYSEARCA:MLPA) Shares Shorted: Short Interest Down 70.1% in October

Global X MLP ETF (NYSEARCA:MLPA) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 282,737 shares, a decrease of 70.1% from the October 15th total of 945,490 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 159,501 shares, the days-to-cover ratio is currently 1.8 days.

Global X MLP ETF Stock Up 0.7%

Shares of MLPA traded up $0.36 during midday trading on Friday, reaching $52.48. The company had a trading volume of 220,832 shares, compared to its average volume of 243,007. Global X MLP ETF has a 1-year low of $47.75 and a 1-year high of $58.00. The firm has a 50 day simple moving average of $54.59 and a 200-day simple moving average of $54.35. The stock has a market cap of $2.28 billion, a PE ratio of 11.87 and a beta of 0.48.

Institutional Investors Weigh In On Global X MLP ETF

Several hedge funds and other institutional investors have recently bought and sold shares of MLPA. IFP Advisors Inc boosted its position in shares of Global X MLP ETF by 3.4% during the 3rd quarter. IFP Advisors Inc now owns 7,899 shares of the company’s stock worth $421,000 after purchasing an additional 262 shares during the period. Centurion Wealth Management LLC increased its holdings in Global X MLP ETF by 1.2% in the 2nd quarter. Centurion Wealth Management LLC now owns 24,348 shares of the company’s stock valued at $1,292,000 after purchasing an additional 288 shares during the last quarter. Parallel Advisors LLC purchased a new stake in Global X MLP ETF in the third quarter valued at approximately $26,000. Colonial Trust Co SC purchased a new stake in Global X MLP ETF in the third quarter valued at approximately $27,000. Finally, Foresight Capital Management Advisors Inc. purchased a new stake in Global X MLP ETF in the third quarter valued at approximately $31,000.

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.