InfraCap MLP ETF (NYSEARCA:AMZA – Get Free Report) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 35,801 shares, an increase of 350.8% from the June 15th total of 7,942 shares. Based on an average daily volume of 35,520 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.4% of the company’s stock are sold short.
Institutional Trading of InfraCap MLP ETF
Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in InfraCap MLP ETF by 2.3% in the third quarter. NewEdge Advisors LLC now owns 61,691 shares of the company’s stock worth $2,479,000 after acquiring an additional 1,395 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of InfraCap MLP ETF by 60.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,118 shares of the company’s stock valued at $135,000 after purchasing an additional 1,175 shares during the last quarter. Finally, Aventura Private Wealth LLC purchased a new stake in shares of InfraCap MLP ETF in the 4th quarter valued at approximately $37,000. 7.34% of the stock is currently owned by hedge funds and other institutional investors.
InfraCap MLP ETF Stock Performance
AMZA stock traded down $0.06 during mid-day trading on Friday, reaching $47.21. The company had a trading volume of 48,041 shares, compared to its average volume of 44,550. The firm has a fifty day simple moving average of $46.75 and a 200 day simple moving average of $44.77. The company has a market capitalization of $453.69 million, a price-to-earnings ratio of 14.90 and a beta of 0.65. InfraCap MLP ETF has a fifty-two week low of $38.01 and a fifty-two week high of $49.47.
About InfraCap MLP ETF
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.
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