Short Interest in InfraCap MLP ETF (NYSEARCA:AMZA) Declines By 70.4%

InfraCap MLP ETF (NYSEARCA:AMZA) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 6,015 shares, a decline of 70.4% from the April 30th total of 20,333 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 30,905 shares, the days-to-cover ratio is presently 0.2 days.

InfraCap MLP ETF Price Performance

AMZA opened at $46.14 on Friday. The company has a market capitalization of $449.40 million, a price-to-earnings ratio of 14.90 and a beta of 0.69. The firm’s fifty day moving average price is $46.42 and its two-hundred day moving average price is $43.41. InfraCap MLP ETF has a 1 year low of $38.01 and a 1 year high of $49.47.

Hedge Funds Weigh In On InfraCap MLP ETF

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its holdings in shares of InfraCap MLP ETF by 2.3% in the 3rd quarter. NewEdge Advisors LLC now owns 61,691 shares of the company’s stock worth $2,479,000 after buying an additional 1,395 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of InfraCap MLP ETF by 60.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,118 shares of the company’s stock worth $135,000 after buying an additional 1,175 shares during the last quarter. Finally, Aventura Private Wealth LLC purchased a new position in shares of InfraCap MLP ETF in the 4th quarter worth about $37,000. 7.34% of the stock is owned by hedge funds and other institutional investors.

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.