Short Interest in Global X MLP ETF (NYSEARCA:MLPA) Increases By 87.5%

Global X MLP ETF (NYSEARCA:MLPA) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 527,800 shares, an increase of 87.5% from the May 15th total of 281,500 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average trading volume of 169,800 shares, the days-to-cover ratio is currently 3.1 days.

Global X MLP ETF Stock Down 0.5%

MLPA stock opened at $50.66 on Friday. The firm has a market capitalization of $1.81 billion, a PE ratio of 13.36 and a beta of 0.60. Global X MLP ETF has a twelve month low of $45.09 and a twelve month high of $54.53. The stock has a 50-day simple moving average of $49.55 and a two-hundred day simple moving average of $51.01.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. NBC Securities Inc. purchased a new position in Global X MLP ETF during the 1st quarter valued at about $34,000. Flagship Wealth Advisors LLC purchased a new position in Global X MLP ETF during the 4th quarter valued at about $37,000. CWM LLC purchased a new position in Global X MLP ETF during the 1st quarter valued at about $42,000. SouthState Corp purchased a new position in Global X MLP ETF during the 1st quarter valued at about $52,000. Finally, Heck Capital Advisors LLC purchased a new position in Global X MLP ETF during the 4th quarter valued at about $61,000.

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.