Short Interest in InfraCap MLP ETF (NYSEARCA:AMZA) Rises By 350.8%

InfraCap MLP ETF (NYSEARCA:AMZA) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 35,801 shares, a growth of 350.8% from the June 15th total of 7,942 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 35,520 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On InfraCap MLP ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Aventura Private Wealth LLC purchased a new position in InfraCap MLP ETF in the 4th quarter valued at approximately $37,000. JPMorgan Chase & Co. increased its position in shares of InfraCap MLP ETF by 20.3% during the third quarter. JPMorgan Chase & Co. now owns 3,751 shares of the company’s stock worth $151,000 after acquiring an additional 633 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of InfraCap MLP ETF by 2.3% during the third quarter. NewEdge Advisors LLC now owns 61,691 shares of the company’s stock worth $2,479,000 after acquiring an additional 1,395 shares during the period. 7.34% of the stock is owned by hedge funds and other institutional investors.

InfraCap MLP ETF Trading Down 0.1%

AMZA traded down $0.06 on Friday, hitting $47.21. The company had a trading volume of 48,041 shares, compared to its average volume of 44,550. The firm has a market cap of $453.69 million, a P/E ratio of 14.90 and a beta of 0.65. InfraCap MLP ETF has a 1 year low of $38.01 and a 1 year high of $49.47. The company’s fifty day moving average price is $46.75 and its 200 day moving average price is $44.77.

About InfraCap MLP ETF

Infrastructure Capital Advisors, LLC is an SEC-registered investment advisor that manages an actively managed ETF and a series of private investment partnerships. The firm was formed in 2012 and is based in New York City.