Global X MLP ETF (NYSEARCA:MLPA) Short Interest Up 101.1% in April

Global X MLP ETF (NYSEARCA:MLPA) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 313,286 shares, an increase of 101.1% from the April 15th total of 155,813 shares. Based on an average daily volume of 166,331 shares, the short-interest ratio is presently 1.9 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC bought a new position in Global X MLP ETF in the 3rd quarter worth approximately $46,000. Turtle Creek Wealth Advisors LLC bought a new position in Global X MLP ETF in the 1st quarter worth approximately $102,000. NBC Securities Inc. boosted its holdings in Global X MLP ETF by 9.7% in the 4th quarter. NBC Securities Inc. now owns 2,683 shares of the company’s stock worth $130,000 after buying an additional 238 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Global X MLP ETF by 541.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,957 shares of the company’s stock worth $143,000 after buying an additional 2,496 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its holdings in Global X MLP ETF by 1,461.2% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,060 shares of the company’s stock worth $148,000 after buying an additional 2,864 shares during the period.

Global X MLP ETF Trading Up 0.2%

Shares of MLPA stock traded up $0.13 during trading hours on Friday, hitting $55.39. 152,907 shares of the company were exchanged, compared to its average volume of 270,780. The firm has a fifty day simple moving average of $54.03 and a 200 day simple moving average of $51.33. Global X MLP ETF has a 52-week low of $46.39 and a 52-week high of $55.74. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 14.42 and a beta of 0.47.

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.