Global X MLP ETF (NYSEARCA:MLPA) Stock Short Interest Report for September

Global X MLP ETF (NYSEARCA:MLPA) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 493,275 shares, a growth of 113.3% from the September 15th total of 231,258 shares. Based on an average trading volume of 272,809 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.2% of the company’s shares are sold short.

Global X MLP ETF Stock Performance

Shares of NYSEARCA MLPA traded down $0.55 during trading hours on Wednesday, hitting $53.65. The company’s stock had a trading volume of 1,235,673 shares, compared to its average volume of 240,214. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 14.42 and a beta of 0.49. Global X MLP ETF has a 12 month low of $46.83 and a 12 month high of $58.00. The business has a 50-day simple moving average of $55.83 and a 200-day simple moving average of $54.81.

Institutional Investors Weigh In On Global X MLP ETF

Several institutional investors and hedge funds have recently bought and sold shares of MLPA. Royal Bank of Canada grew its holdings in shares of 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 acquiring an additional 26,983 shares during the period. NewEdge Advisors LLC raised its position in shares of Global X MLP ETF by 8.2% in the 1st quarter. NewEdge Advisors LLC now owns 119,020 shares of the company’s stock worth $6,412,000 after acquiring an additional 9,010 shares in the last quarter. Stevens Capital Partners purchased a new position in shares of Global X MLP ETF in the 1st quarter valued at approximately $941,000. Rockefeller Capital Management L.P. lifted its stake in shares of Global X MLP ETF by 31.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 399,223 shares of the company’s stock valued at $19,326,000 after purchasing an additional 94,623 shares during the period. Finally, Gradient Investments LLC lifted its stake in shares of Global X MLP ETF by 3.4% in the 2nd quarter. Gradient Investments LLC now owns 436,144 shares of the company’s stock valued at $23,151,000 after purchasing an additional 14,343 shares during the period.

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.