Short Interest in InfraCap MLP ETF (NYSEARCA:AMZA) Expands By 81.4%

InfraCap MLP ETF (NYSEARCA:AMZA) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 103,385 shares, an increase of 81.4% from the February 12th total of 56,994 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average trading volume of 49,475 shares, the days-to-cover ratio is presently 2.1 days. Based on an average trading volume of 49,475 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.1% of the company’s stock are sold short.

Hedge Funds Weigh In On InfraCap MLP ETF

A number of institutional investors have recently added to or reduced their stakes in AMZA. CoreCap Advisors LLC boosted its position in InfraCap MLP ETF by 24.5% in the 3rd quarter. CoreCap Advisors LLC now owns 2,014 shares of the company’s stock valued at $81,000 after buying an additional 396 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of InfraCap MLP ETF by 20.3% during the third quarter. JPMorgan Chase & Co. now owns 3,751 shares of the company’s stock worth $151,000 after acquiring an additional 633 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in shares of InfraCap MLP ETF in the fourth quarter worth about $37,000. Finally, NewEdge Advisors LLC lifted its stake in shares of InfraCap MLP ETF by 2.3% in the third quarter. NewEdge Advisors LLC now owns 61,691 shares of the company’s stock worth $2,479,000 after acquiring an additional 1,395 shares in the last quarter. Institutional investors and hedge funds own 7.34% of the company’s stock.

InfraCap MLP ETF Stock Down 1.8%

AMZA opened at $45.13 on Friday. The firm has a market capitalization of $433.70 million, a P/E ratio of 14.90 and a beta of 0.95. The firm’s 50 day moving average is $43.11 and its 200-day moving average is $41.14. InfraCap MLP ETF has a 52-week low of $37.18 and a 52-week high of $48.45.

InfraCap MLP ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a dividend of $0.34 per share. This represents a c) dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend was Friday, February 20th.

About InfraCap MLP ETF

Infrastructure Capital Advisors, LLC is an SEC-registered investment advisor that manages an actively managed ETF and a series of private investment partnerships. The firm was formed in 2012 and is based in New York City.