Short Interest in Global X MLP ETF (NYSEARCA:MLPA) Decreases By 34.6%

Global X MLP ETF (NYSEARCA:MLPA) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 360,023 shares, a drop of 34.6% from the June 15th total of 550,851 shares. Based on an average trading volume of 185,249 shares, the short-interest ratio is presently 1.9 days. Approximately 0.9% of the shares of the company are short sold.

Global X MLP ETF Stock Performance

MLPA opened at $55.36 on Friday. The business has a 50 day moving average price of $54.02 and a 200 day moving average price of $53.07. Global X MLP ETF has a twelve month low of $46.39 and a twelve month high of $56.53. The firm has a market cap of $2.23 billion, a P/E ratio of 14.42 and a beta of 0.45.

Institutional Trading of Global X MLP ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Foundations Investment Advisors LLC grew its holdings in Global X MLP ETF by 4,705.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 254,505 shares of the company’s stock valued at $12,321,000 after buying an additional 249,209 shares during the last quarter. Greenspring Advisors LLC increased its position in Global X MLP ETF by 5,502.2% in the 4th quarter. Greenspring Advisors LLC now owns 236,859 shares of the company’s stock worth $11,466,000 after buying an additional 232,631 shares during the period. Quadrature Capital Ltd lifted its holdings in shares of Global X MLP ETF by 2,831.8% during the fourth quarter. Quadrature Capital Ltd now owns 160,544 shares of the company’s stock worth $7,772,000 after buying an additional 155,068 shares during the last quarter. Matrix Private Capital Group LLC acquired a new position in shares of Global X MLP ETF during the first quarter worth approximately $7,641,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Global X MLP ETF by 29,373.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 135,874 shares of the company’s stock valued at $6,578,000 after acquiring an additional 135,413 shares during the period.

Global X MLP ETF Company Profile

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.