Global X MLP ETF (NYSEARCA:MLPA) Sees Large Decline in Short Interest

Global X MLP ETF (NYSEARCA:MLPA) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 96,045 shares, a decrease of 79.5% from the January 15th total of 468,681 shares. Based on an average daily volume of 216,464 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 216,464 shares, the days-to-cover ratio is currently 0.4 days.

Global X MLP ETF Trading Up 0.5%

NYSEARCA:MLPA traded up $0.26 during mid-day trading on Tuesday, hitting $51.66. The stock had a trading volume of 271,620 shares, compared to its average volume of 266,571. Global X MLP ETF has a twelve month low of $45.09 and a twelve month high of $54.17. The stock has a 50-day simple moving average of $49.71 and a two-hundred day simple moving average of $49.14. The company has a market capitalization of $2.03 billion, a PE ratio of 14.42 and a beta of 0.64.

Global X MLP ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Monday, February 9th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, February 9th. This represents a $4.00 annualized dividend and a dividend yield of 7.7%. This is a boost from Global X MLP ETF’s previous quarterly dividend of $0.98.

Institutional Investors Weigh In On Global X MLP ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Clean Yield Group acquired a new position in Global X MLP ETF in the third quarter valued at $26,000. Smartleaf Asset Management LLC acquired a new stake in shares of Global X MLP ETF in the 3rd quarter valued at about $46,000. Private Trust Co. NA boosted its position in shares of Global X MLP ETF by 39.2% in the 3rd quarter. Private Trust Co. NA now owns 1,066 shares of the company’s stock valued at $52,000 after purchasing an additional 300 shares during the period. Blue Trust Inc. grew its stake in Global X MLP ETF by 230.0% during the 2nd quarter. Blue Trust Inc. now owns 1,099 shares of the company’s stock worth $55,000 after buying an additional 766 shares during the last quarter. Finally, NBC Securities Inc. increased its position in Global X MLP ETF by 9.7% during the fourth quarter. NBC Securities Inc. now owns 2,683 shares of the company’s stock worth $130,000 after buying an additional 238 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.