InfraCap MLP ETF (NYSEARCA:AMZA) Sees Significant Growth in Short Interest

InfraCap MLP ETF (NYSEARCA:AMZAGet Free Report) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 13,451 shares, a growth of 153.1% from the December 31st total of 5,314 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 61,036 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 61,036 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

InfraCap MLP ETF Stock Down 1.3%

AMZA traded down $0.57 during midday trading on Friday, reaching $42.04. The company had a trading volume of 47,745 shares, compared to its average volume of 52,227. The business has a 50-day moving average of $40.35 and a two-hundred day moving average of $40.79. InfraCap MLP ETF has a 1 year low of $37.18 and a 1 year high of $48.98. The company has a market cap of $404.00 million, a P/E ratio of 14.90 and a beta of 0.95.

InfraCap MLP ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Tuesday, January 20th were given a $0.34 dividend. The ex-dividend date was Tuesday, January 20th. This is an increase from InfraCap MLP ETF’s previous monthly dividend of $0.29. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%.

Institutional Trading of InfraCap MLP ETF

Several institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its holdings in 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 purchasing an additional 1,395 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of InfraCap MLP ETF by 60.5% during the second quarter. JPMorgan Chase & Co. now owns 3,118 shares of the company’s stock valued at $135,000 after buying an additional 1,175 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in shares of InfraCap MLP ETF during the fourth quarter valued at approximately $37,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of InfraCap MLP ETF by 24.5% in the third quarter. CoreCap Advisors LLC now owns 2,014 shares of the company’s stock worth $81,000 after buying an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 7.34% of the company’s stock.

About InfraCap MLP ETF

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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.

Further Reading

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