Global X MLP ETF (NYSEARCA:MLPA) Short Interest Up 101.1% in April

Global X MLP ETF (NYSEARCA:MLPA) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 313,286 shares, a growth of 101.1% from the April 15th total of 155,813 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average trading volume of 166,331 shares, the short-interest ratio is currently 1.9 days.

Global X MLP ETF Stock Performance

Shares of NYSEARCA:MLPA traded up $0.41 during mid-day trading on Monday, reaching $55.80. 178,449 shares of the company’s stock were exchanged, compared to its average volume of 269,482. Global X MLP ETF has a twelve month low of $46.39 and a twelve month high of $55.96. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 14.42 and a beta of 0.47. The business’s fifty day moving average price is $54.03 and its 200-day moving average price is $51.36.

Hedge Funds Weigh In On Global X MLP ETF

A number of hedge funds have recently made changes to their positions in MLPA. Dorsey & Whitney Trust CO LLC boosted its holdings in Global X MLP ETF by 2.2% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,170 shares of the company’s stock valued at $444,000 after acquiring an additional 194 shares during the last quarter. WCG Wealth Advisors LLC raised its holdings in Global X MLP ETF by 1.9% during the 3rd quarter. WCG Wealth Advisors LLC now owns 11,232 shares of the company’s stock worth $544,000 after purchasing an additional 212 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of Global X MLP ETF by 2.2% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 11,011 shares of the company’s stock worth $533,000 after purchasing an additional 234 shares during the period. NBC Securities Inc. lifted its position in shares of Global X MLP ETF by 9.7% in the 4th quarter. NBC Securities Inc. now owns 2,683 shares of the company’s stock worth $130,000 after purchasing an additional 238 shares during the period. Finally, Kestra Advisory Services LLC boosted its stake in shares of Global X MLP ETF by 5.3% in the 4th quarter. Kestra Advisory Services LLC now owns 5,790 shares of the company’s stock valued at $280,000 after purchasing an additional 292 shares during the last quarter.

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.