Short Interest in InfraCap MLP ETF (NYSEARCA:AMZA) Increases By 540.3%

InfraCap MLP ETF (NYSEARCA:AMZA) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 86,124 shares, an increase of 540.3% from the January 15th total of 13,451 shares. Based on an average daily trading volume, of 43,514 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.9% of the shares of the stock are short sold. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 43,514 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. 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. boosted its holdings in InfraCap MLP ETF by 20.3% in the third quarter. JPMorgan Chase & Co. now owns 3,751 shares of the company’s stock valued at $151,000 after acquiring an additional 633 shares during the last quarter. Aventura Private Wealth LLC acquired a new stake in InfraCap MLP ETF in the fourth quarter worth about $37,000. Finally, NewEdge Advisors LLC raised its holdings in InfraCap MLP ETF by 2.3% during the 3rd quarter. NewEdge Advisors LLC now owns 61,691 shares of the company’s stock worth $2,479,000 after purchasing an additional 1,395 shares during the last quarter. Institutional investors and hedge funds own 7.34% of the company’s stock.

InfraCap MLP ETF Stock Up 1.1%

NYSEARCA:AMZA traded up $0.50 during mid-day trading on Wednesday, reaching $44.15. 44,029 shares of the company were exchanged, compared to its average volume of 52,412. The stock has a market cap of $424.29 million, a PE ratio of 14.90 and a beta of 0.95. InfraCap MLP ETF has a 12 month low of $37.18 and a 12 month high of $48.98. The company has a fifty day moving average of $40.77 and a 200 day moving average of $40.78.

InfraCap MLP ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Stockholders of record on Tuesday, January 20th were paid a dividend of $0.34 per share. This represents a c) annualized dividend and a dividend yield of 9.2%. This is an increase from InfraCap MLP ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, January 20th.

InfraCap MLP ETF Company Profile

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.