InfraCap MLP ETF (NYSEARCA:AMZA – Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 36,126 shares, a drop of 79.4% from the August 15th total of 175,500 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 33,523 shares, the short-interest ratio is currently 1.1 days.
InfraCap MLP ETF Trading Up 0.3%
NYSEARCA:AMZA traded up $0.15 on Friday, reaching $51.06. The stock had a trading volume of 22,453 shares, compared to its average volume of 42,073. The company has a 50-day moving average of $49.29 and a 200 day moving average of $47.24. The stock has a market cap of $490.69 million, a P/E ratio of 14.90 and a beta of 0.67. InfraCap MLP ETF has a 12-month low of $38.01 and a 12-month high of $51.48.
Institutional Inflows and Outflows
A hedge fund recently raised its position in InfraCap MLP ETF stock. JPMorgan Chase & Co. boosted its holdings in shares of InfraCap MLP ETF (NYSEARCA:AMZA – Free Report) by 60.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,118 shares of the company’s stock after purchasing an additional 1,175 shares during the quarter. JPMorgan Chase & Co.’s holdings in InfraCap MLP ETF were worth $135,000 at the end of the most recent quarter. 7.34% of the stock is owned by institutional investors and hedge funds.
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.
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