Global X MLP ETF (NYSEARCA:MLPA – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 313,286 shares, a growth of 101.1% from the April 15th total of 155,813 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 166,331 shares, the days-to-cover ratio is presently 1.9 days.
Institutional Trading of Global X MLP ETF
A number of institutional investors have recently bought and sold shares of MLPA. Foundations Investment Advisors LLC boosted its position in Global X MLP ETF by 4,705.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 254,505 shares of the company’s stock valued at $12,321,000 after acquiring an additional 249,209 shares during the last quarter. Greenspring Advisors LLC boosted its position in Global X MLP ETF by 5,502.2% during the fourth quarter. Greenspring Advisors LLC now owns 236,859 shares of the company’s stock valued at $11,466,000 after acquiring an additional 232,631 shares during the last quarter. Quadrature Capital Ltd boosted its position in shares of Global X MLP ETF by 2,831.8% during the 4th quarter. Quadrature Capital Ltd now owns 160,544 shares of the company’s stock worth $7,772,000 after purchasing an additional 155,068 shares in the last quarter. Matrix Private Capital Group LLC bought a new position in shares of Global X MLP ETF during the 1st quarter worth about $7,641,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Global X MLP ETF by 29,373.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 135,874 shares of the company’s stock worth $6,578,000 after purchasing an additional 135,413 shares in the last quarter.
Global X MLP ETF Stock Up 0.2%
MLPA traded up $0.13 during trading on Friday, reaching $55.39. 152,907 shares of the stock traded hands, compared to its average volume of 270,780. The stock has a market capitalization of $2.20 billion, a PE ratio of 14.42 and a beta of 0.47. The stock’s 50-day moving average is $54.03 and its 200 day moving average is $51.33. Global X MLP ETF has a 12 month low of $46.39 and a 12 month high of $55.74.
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.
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