Global X MLP ETF (NYSEARCA:MLPA) Short Interest Up 298.4% in January

Global X MLP ETF (NYSEARCA:MLPA) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 468,681 shares, an increase of 298.4% from the December 31st total of 117,637 shares. Based on an average daily trading volume, of 285,674 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.2% of the shares of the stock are short sold. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 285,674 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MLPA. Bank of America Corp DE grew 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 valued at $57,488,000 after acquiring an additional 42,273 shares during the period. UBS Group AG increased its stake in Global X MLP ETF by 3.6% during the 4th quarter. UBS Group AG now owns 1,047,656 shares of the company’s stock worth $50,717,000 after buying an additional 36,634 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Global X MLP ETF by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 494,993 shares of the company’s stock worth $24,849,000 after acquiring an additional 17,433 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Global X MLP ETF by 0.6% in the fourth quarter. Evergreen Capital Management LLC now owns 489,625 shares of the company’s stock worth $23,703,000 after acquiring an additional 3,150 shares in the last quarter. Finally, Gradient Investments LLC boosted its holdings in Global X MLP ETF by 2.4% in the fourth quarter. Gradient Investments LLC now owns 458,127 shares of the company’s stock valued at $22,178,000 after purchasing an additional 10,858 shares during the last quarter.

Global X MLP ETF Price Performance

Global X MLP ETF stock traded down $0.27 during mid-day trading on Friday, hitting $51.49. 324,520 shares of the company were exchanged, compared to its average volume of 251,021. Global X MLP ETF has a 12-month low of $45.09 and a 12-month high of $54.53. The company has a market capitalization of $2.01 billion, a P/E ratio of 14.42 and a beta of 0.64. The business’s 50 day simple moving average is $49.21 and its two-hundred day simple moving average is $49.06.

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.