Global X MLP ETF (NYSEARCA:MLPA) Shares Shorted: Short Interest Up 113.3% in September

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

Global X MLP ETF Stock Down 0.7%

MLPA traded down $0.36 during trading on Thursday, hitting $53.29. 72,131 shares of the company’s stock were exchanged, compared to its average volume of 239,343. The business’s 50 day moving average is $55.83 and its two-hundred day moving average is $54.81. Global X MLP ETF has a fifty-two week low of $46.83 and a fifty-two week high of $58.00. The stock has a market cap of $2.26 billion, a P/E ratio of 14.42 and a beta of 0.49.

Hedge Funds Weigh In On Global X MLP ETF

Large investors have recently added to or reduced their stakes in the business. Gradient Investments LLC grew its holdings in shares of Global X MLP ETF by 3.4% in the second quarter. Gradient Investments LLC now owns 436,144 shares of the company’s stock valued at $23,151,000 after acquiring an additional 14,343 shares in the last quarter. Royal Bank of Canada increased its position in shares of Global X MLP ETF by 7.2% during the first quarter. Royal Bank of Canada now owns 403,392 shares of the company’s stock valued at $21,733,000 after acquiring an additional 26,983 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Global X MLP ETF by 31.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 399,223 shares of the company’s stock worth $19,326,000 after acquiring an additional 94,623 shares during the period. Cetera Investment Advisers lifted its holdings in Global X MLP ETF by 2.3% during the first quarter. Cetera Investment Advisers now owns 321,927 shares of the company’s stock worth $17,342,000 after acquiring an additional 7,370 shares during the period. Finally, Legacy Wealth Asset Management LLC purchased a new position in Global X MLP ETF in the third quarter worth $12,139,000.

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.