Global X MLP & Energy Infrastructure Covered Call ETF (NYSEARCA:MLPD) Sees Large Drop in Short Interest

Global X MLP & Energy Infrastructure Covered Call ETF (NYSEARCA:MLPD) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 1,304 shares, a drop of 81.1% from the December 15th total of 6,891 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 10,881 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 10,881 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Global X MLP & Energy Infrastructure Covered Call ETF Trading Up 0.5%

Shares of NYSEARCA:MLPD traded up $0.12 during trading on Tuesday, reaching $25.17. The company had a trading volume of 6,691 shares, compared to its average volume of 12,846. The company has a fifty day moving average of $25.20 and a two-hundred day moving average of $25.23. The stock has a market capitalization of $14.35 million, a P/E ratio of 18.56 and a beta of 0.25. Global X MLP & Energy Infrastructure Covered Call ETF has a 12 month low of $21.30 and a 12 month high of $25.93.

Global X MLP & Energy Infrastructure Covered Call ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.5827 per share. The ex-dividend date was Tuesday, December 30th. This is a positive change from Global X MLP & Energy Infrastructure Covered Call ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a yield of 27.8%.

About Global X MLP & Energy Infrastructure Covered Call ETF

The Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) is an exchange-traded fund that is based on the CBOE MLPX ATM BuyWrite index. The fund tracks an index of long positions in the Global X MLP & Energy Infrastructure ETF (MLPX) and writes one-month, at-the-money call options on up to 100% of the underlying portfolio. MLPD was launched on May 7, 2024 and is issued by Global X.