Short Interest in Global X MLP ETF (NYSEARCA:MLPA) Drops By 88.4%

Global X MLP ETF (NYSEARCA:MLPA) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 117,637 shares, a drop of 88.4% from the December 15th total of 1,011,701 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 365,463 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 365,463 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

Global X MLP ETF Price Performance

Shares of MLPA stock traded up $0.33 during trading on Wednesday, hitting $50.57. 159,726 shares of the stock traded hands, compared to its average volume of 300,258. Global X MLP ETF has a 52-week low of $45.09 and a 52-week high of $54.53. The firm has a market capitalization of $1.94 billion, a P/E ratio of 14.42 and a beta of 0.64. The firm’s fifty day moving average price is $48.60 and its 200-day moving average price is $49.01.

Institutional Trading of Global X MLP ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Exchange Traded Concepts LLC acquired a new stake in shares of Global X MLP ETF during the second quarter valued at about $6,684,000. Global Retirement Partners LLC purchased a new position in shares of Global X MLP ETF during the 2nd quarter worth approximately $5,045,000. Blue Edge Capital LLC acquired a new stake in Global X MLP ETF in the 2nd quarter valued at approximately $3,409,000. Bank of America Corp DE increased its holdings in Global X MLP ETF by 3.7% in the 3rd quarter. Bank of America Corp DE now owns 1,187,268 shares of the company’s stock valued at $57,488,000 after purchasing an additional 42,273 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Global X MLP ETF by 68.8% in the third quarter. Ameriprise Financial Inc. now owns 101,845 shares of the company’s stock valued at $4,932,000 after purchasing an additional 41,503 shares during the period.

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.