Global X MLP ETF (NYSEARCA:MLPA) Shares Shorted: Short Interest Down 70.1% in October

Global X MLP ETF (NYSEARCA:MLPA) was the recipient of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 282,737 shares, a decline of 70.1% from the October 15th total of 945,490 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 159,501 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Trading of Global X MLP ETF

Hedge funds have recently made changes to their positions in the business. Madrid Financial Services purchased a new position in shares of Global X MLP ETF in the third quarter valued at approximately $25,780,000. Evergreen Capital Management LLC purchased a new stake in Global X MLP ETF during the 3rd quarter worth approximately $25,760,000. Gradient Investments LLC increased its stake in Global X MLP ETF by 3.4% during the 2nd quarter. Gradient Investments LLC now owns 436,144 shares of the company’s stock worth $23,151,000 after buying an additional 14,343 shares during the period. Royal Bank of Canada increased its stake in Global X MLP ETF by 7.2% during the 1st quarter. Royal Bank of Canada now owns 403,392 shares of the company’s stock worth $21,733,000 after buying an additional 26,983 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Global X MLP ETF by 2.3% during the 1st quarter. Cetera Investment Advisers now owns 321,927 shares of the company’s stock worth $17,342,000 after buying an additional 7,370 shares in the last quarter.

Global X MLP ETF Trading Up 0.7%

Global X MLP ETF stock traded up $0.36 during midday trading on Friday, reaching $52.48. 220,832 shares of the stock traded hands, compared to its average volume of 243,007. The company has a 50-day simple moving average of $54.59 and a two-hundred day simple moving average of $54.35. Global X MLP ETF has a 12-month low of $47.75 and a 12-month high of $58.00. The firm has a market cap of $2.28 billion, a PE ratio of 11.87 and a beta of 0.48.

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.