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

Global X MLP ETF (NYSEARCA:MLPA) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 468,681 shares, an increase of 298.4% from the December 31st total of 117,637 shares. Based on an average daily trading volume, of 285,674 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.2% of the shares of the company are sold short. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 285,674 shares, the days-to-cover ratio is presently 1.6 days.

Global X MLP ETF Price Performance

MLPA stock traded up $0.25 on Wednesday, reaching $51.36. 15,140 shares of the company were exchanged, compared to its average volume of 233,005. Global X MLP ETF has a 12 month low of $45.09 and a 12 month high of $54.53. The stock’s fifty day moving average price is $49.07 and its 200 day moving average price is $49.03. The firm has a market capitalization of $2.00 billion, a PE ratio of 14.42 and a beta of 0.64.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Clean Yield Group bought a new position in Global X MLP ETF during the third quarter valued at about $26,000. Smartleaf Asset Management LLC bought a new stake in shares of Global X MLP ETF in the 3rd quarter worth approximately $46,000. Private Trust Co. NA grew its holdings in shares of Global X MLP ETF by 39.2% during the 3rd quarter. Private Trust Co. NA now owns 1,066 shares of the company’s stock worth $52,000 after purchasing an additional 300 shares in the last quarter. Blue Trust Inc. increased its position in shares of Global X MLP ETF by 230.0% during the second quarter. Blue Trust Inc. now owns 1,099 shares of the company’s stock valued at $55,000 after purchasing an additional 766 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Global X MLP ETF during the second quarter valued at approximately $88,000.

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.