Short Interest in Global X MLP ETF (NYSEARCA:MLPA) Rises By 87.5%

Global X MLP ETF (NYSEARCA:MLPA) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 527,800 shares, an increase of 87.5% from the May 15th total of 281,500 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average daily trading volume, of 169,800 shares, the short-interest ratio is currently 3.1 days.

Global X MLP ETF Trading Down 0.4%

MLPA traded down $0.21 on Monday, hitting $50.45. The company had a trading volume of 114,841 shares, compared to its average volume of 140,820. The firm has a market cap of $1.80 billion, a P/E ratio of 13.36 and a beta of 0.60. Global X MLP ETF has a 1 year low of $45.09 and a 1 year high of $54.53. The company’s fifty day moving average price is $49.55 and its 200 day moving average price is $51.00.

Institutional Trading of Global X MLP ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Belpointe Asset Management LLC purchased a new stake in Global X MLP ETF during the first quarter worth about $1,852,000. Empowered Funds LLC acquired a new position in Global X MLP ETF in the first quarter valued at approximately $1,555,000. Goldman Sachs Group Inc. purchased a new stake in Global X MLP ETF in the first quarter valued at approximately $761,000. NewEdge Advisors LLC lifted its stake in Global X MLP ETF by 8.6% in the first quarter. NewEdge Advisors LLC now owns 82,220 shares of the company’s stock valued at $4,377,000 after buying an additional 6,534 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Global X MLP ETF by 104.0% in the first quarter. Advisors Asset Management Inc. now owns 66,605 shares of the company’s stock valued at $3,545,000 after buying an additional 33,952 shares during the last quarter.

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.