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

Global X MLP & Energy Infrastructure Covered Call ETF (NYSEARCA:MLPD) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 3,241 shares, a drop of 45.4% from the May 14th total of 5,939 shares. Based on an average daily trading volume, of 15,240 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the company’s stock are sold short.

Global X MLP & Energy Infrastructure Covered Call ETF Stock Down 1.3%

MLPD stock traded down $0.33 during midday trading on Tuesday, hitting $24.89. The company’s stock had a trading volume of 9,811 shares, compared to its average volume of 16,368. Global X MLP & Energy Infrastructure Covered Call ETF has a 52-week low of $24.30 and a 52-week high of $25.95. The firm has a market capitalization of $28.62 million, a P/E ratio of 18.56 and a beta of 0.03. The firm has a 50-day simple moving average of $25.22 and a 200-day simple moving average of $25.36.

Global X MLP & Energy Infrastructure Covered Call ETF Company Profile

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.