Global X MLP ETF (NYSEARCA:MLPA) Sees Significant Growth in Short Interest

Global X MLP ETF (NYSEARCA:MLPA) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 945,490 shares, an increase of 91.7% from the September 30th total of 493,275 shares. Based on an average trading volume of 350,812 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.2% of the shares of the stock are short sold.

Global X MLP ETF Stock Up 0.9%

Shares of MLPA stock opened at $55.88 on Friday. Global X MLP ETF has a twelve month low of $47.01 and a twelve month high of $58.00. The stock’s fifty day simple moving average is $55.38 and its 200 day simple moving average is $54.26. The firm has a market capitalization of $2.46 billion, a P/E ratio of 14.42 and a beta of 0.49.

Institutional Trading of Global X MLP ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Foresight Capital Management Advisors Inc. acquired a new position in shares of Global X MLP ETF in the third quarter valued at approximately $31,000. Triumph Capital Management acquired a new stake in Global X MLP ETF during the 3rd quarter worth approximately $33,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in Global X MLP ETF during the 3rd quarter worth approximately $41,000. Field & Main Bank acquired a new stake in Global X MLP ETF during the 2nd quarter worth approximately $99,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Global X MLP ETF during the 1st quarter worth approximately $102,000.

Global X MLP ETF Company Profile

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.