InfraCap MLP ETF (NYSEARCA:AMZA – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 6,015 shares, a drop of 70.4% from the April 30th total of 20,333 shares. Based on an average daily volume of 30,905 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.
InfraCap MLP ETF Trading Down 1.1%
NYSEARCA AMZA opened at $46.14 on Friday. The company has a fifty day simple moving average of $46.42 and a 200 day simple moving average of $43.41. InfraCap MLP ETF has a 12-month low of $38.01 and a 12-month high of $49.47. The company has a market cap of $449.40 million, a P/E ratio of 14.90 and a beta of 0.69.
Hedge Funds Weigh In On InfraCap MLP ETF
A number of hedge funds have recently bought and sold shares of AMZA. NewEdge Advisors LLC boosted its holdings in InfraCap MLP ETF by 2.3% during the 3rd 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 last quarter. JPMorgan Chase & Co. boosted its holdings in InfraCap MLP ETF by 60.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,118 shares of the company’s stock worth $135,000 after acquiring an additional 1,175 shares during the last quarter. Finally, Aventura Private Wealth LLC purchased a new position in InfraCap MLP ETF during the 4th quarter worth $37,000. 7.34% of the stock is owned by hedge funds and other institutional investors.
InfraCap MLP ETF Company Profile
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.
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