InfraCap MLP ETF (NYSEARCA:AMZA) Short Interest Up 69.5% in July

InfraCap MLP ETF (NYSEARCA:AMZA) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 60,670 shares, an increase of 69.5% from the June 30th total of 35,801 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 32,105 shares, the days-to-cover ratio is currently 1.9 days.

InfraCap MLP ETF Stock Performance

AMZA opened at $48.92 on Friday. The business’s 50-day simple moving average is $46.99 and its 200 day simple moving average is $45.70. InfraCap MLP ETF has a 52-week low of $38.01 and a 52-week high of $49.75. The firm has a market capitalization of $470.12 million, a PE ratio of 14.90 and a beta of 0.65.

Institutional Investors Weigh In On InfraCap MLP ETF

A hedge fund recently raised its position in InfraCap MLP ETF stock. JPMorgan Chase & Co. lifted its position in InfraCap MLP ETF (NYSEARCA:AMZA) by 60.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,118 shares of the company’s stock after buying an additional 1,175 shares during the quarter. JPMorgan Chase & Co.’s holdings in InfraCap MLP ETF were worth $135,000 as of its most recent SEC filing. 7.34% of the stock is currently owned by institutional investors.

InfraCap MLP ETF Company Profile

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.