Short Interest in Global X MLP ETF (NYSEARCA:MLPA) Drops By 34.6%

Global X MLP ETF (NYSEARCA:MLPA) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 360,023 shares, a decline of 34.6% from the June 15th total of 550,851 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 185,249 shares, the days-to-cover ratio is currently 1.9 days.

Global X MLP ETF Price Performance

Shares of NYSEARCA MLPA opened at $55.36 on Friday. Global X MLP ETF has a 1-year low of $46.39 and a 1-year high of $56.53. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 14.42 and a beta of 0.45. The business has a 50-day moving average of $54.02 and a 200-day moving average of $53.07.

Hedge Funds Weigh In On Global X MLP ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Foundations Investment Advisors LLC grew its position in shares of Global X MLP ETF by 4,705.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 254,505 shares of the company’s stock valued at $12,321,000 after buying an additional 249,209 shares during the last quarter. Greenspring Advisors LLC lifted its holdings in Global X MLP ETF by 5,502.2% in the fourth quarter. Greenspring Advisors LLC now owns 236,859 shares of the company’s stock worth $11,466,000 after acquiring an additional 232,631 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in Global X MLP ETF by 2,831.8% in the fourth quarter. Quadrature Capital Ltd now owns 160,544 shares of the company’s stock worth $7,772,000 after acquiring an additional 155,068 shares during the last quarter. Matrix Private Capital Group LLC bought a new position in Global X MLP ETF in the first quarter worth about $7,641,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Global X MLP ETF by 29,373.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 135,874 shares of the company’s stock valued at $6,578,000 after acquiring an additional 135,413 shares during the period.

About Global X MLP ETF

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.