Short Interest in InfraCap MLP ETF (NYSEARCA:AMZA) Increases By 195.2%

InfraCap MLP ETF (NYSEARCA:AMZA) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 175,500 shares, a growth of 195.2% from the July 30th total of 59,458 shares. Based on an average daily volume of 32,693 shares, the days-to-cover ratio is currently 5.4 days. Approximately 1.8% of the company’s shares are short sold.

Hedge Funds Weigh In On InfraCap MLP ETF

A hedge fund recently raised its position in InfraCap MLP ETF stock. NewEdge Advisors LLC lifted its stake in InfraCap MLP ETF (NYSEARCA:AMZA) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,691 shares of the company’s stock after purchasing an additional 1,395 shares during the period. NewEdge Advisors LLC owned about 0.64% of InfraCap MLP ETF worth $2,479,000 at the end of the most recent quarter. Institutional investors own 7.34% of the company’s stock.

InfraCap MLP ETF Stock Performance

Shares of NYSEARCA AMZA traded down $0.34 during mid-day trading on Thursday, reaching $50.48. 30,253 shares of the company’s stock were exchanged, compared to its average volume of 42,263. The company’s 50-day moving average is $48.10 and its 200-day moving average is $46.70. The firm has a market capitalization of $485.06 million, a price-to-earnings ratio of 14.90 and a beta of 0.66. InfraCap MLP ETF has a 52-week low of $38.01 and a 52-week high of $50.99.

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.