Short Interest in InfraCap MLP ETF (NYSEARCA:AMZA) Decreases By 70.4%

InfraCap MLP ETF (NYSEARCA:AMZA) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 6,015 shares, a decrease of 70.4% from the April 30th total of 20,333 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 30,905 shares, the short-interest ratio is presently 0.2 days.

InfraCap MLP ETF Stock Down 1.3%

Shares of AMZA traded down $0.60 on Friday, hitting $45.54. 48,714 shares of the stock traded hands, compared to its average volume of 46,279. The firm has a market capitalization of $443.56 million, a P/E ratio of 14.90 and a beta of 0.69. The stock’s 50 day moving average is $46.41 and its two-hundred day moving average is $43.43. InfraCap MLP ETF has a 1 year low of $38.01 and a 1 year high of $49.47.

Hedge Funds Weigh In On InfraCap MLP ETF

Several institutional investors and hedge funds have recently modified their holdings of AMZA. Aventura Private Wealth LLC purchased a new position in shares of InfraCap MLP ETF during the fourth quarter valued at approximately $37,000. JPMorgan Chase & Co. lifted its stake in shares of InfraCap MLP ETF by 60.5% during the second quarter. JPMorgan Chase & Co. now owns 3,118 shares of the company’s stock valued at $135,000 after buying an additional 1,175 shares during the period. Finally, NewEdge Advisors LLC raised its stake in InfraCap MLP ETF by 2.3% during the third quarter. NewEdge Advisors LLC now owns 61,691 shares of the company’s stock worth $2,479,000 after purchasing an additional 1,395 shares during the period. Hedge funds and other institutional investors own 7.34% of the company’s stock.

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.