Short Interest in Global X MLP ETF (MLPA) Rises By 123.2%

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Global X MLP ETF (NYSEARCA:MLPA) was the target of a significant increase in short interest in the month of March. As of March 29th, there was short interest totalling 2,686,856 shares, an increase of 123.2% from the March 15th total of 1,203,818 shares. Based on an average trading volume of 1,009,550 shares, the days-to-cover ratio is currently 2.7 days.

Several institutional investors and hedge funds have recently made changes to their positions in MLPA. Friedenthal Financial increased its stake in Global X MLP ETF by 3.9% in the 4th quarter. Friedenthal Financial now owns 37,216 shares of the company’s stock worth $285,000 after buying an additional 1,409 shares during the period. Mission Wealth Management LP increased its stake in Global X MLP ETF by 13.0% in the 4th quarter. Mission Wealth Management LP now owns 13,036 shares of the company’s stock worth $100,000 after buying an additional 1,501 shares during the period. PFG Advisors increased its stake in Global X MLP ETF by 9.1% in the 4th quarter. PFG Advisors now owns 20,397 shares of the company’s stock worth $179,000 after buying an additional 1,697 shares during the period. Country Club Trust Company n.a. increased its stake in Global X MLP ETF by 10.2% in the 4th quarter. Country Club Trust Company n.a. now owns 30,692 shares of the company’s stock worth $236,000 after buying an additional 2,850 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Global X MLP ETF by 11.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 29,009 shares of the company’s stock worth $222,000 after buying an additional 3,008 shares during the period.

Shares of MLPA opened at $8.93 on Tuesday. Global X MLP ETF has a twelve month low of $7.27 and a twelve month high of $10.26.

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See Also: What is diluted earnings per share (Diluted EPS)?

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