Short Interest in Global X MLP ETF (NYSEARCA:MLPA) Declines By 88.4%

Global X MLP ETF (NYSEARCA:MLPA) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 117,637 shares, a decrease of 88.4% from the December 15th total of 1,011,701 shares. Based on an average daily volume of 365,463 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 365,463 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Legend Financial Advisors Inc. acquired a new stake in shares of Global X MLP ETF in the second quarter worth approximately $25,000. Clean Yield Group purchased a new position in Global X MLP ETF in the 3rd quarter valued at $26,000. Smartleaf Asset Management LLC acquired a new stake in Global X MLP ETF during the 3rd quarter worth $46,000. Private Trust Co. NA boosted its stake in Global X MLP ETF by 39.2% during the 3rd quarter. Private Trust Co. NA now owns 1,066 shares of the company’s stock worth $52,000 after purchasing an additional 300 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Global X MLP ETF by 230.0% during the second quarter. Blue Trust Inc. now owns 1,099 shares of the company’s stock worth $55,000 after buying an additional 766 shares in the last quarter.

Global X MLP ETF Stock Up 1.1%

Shares of NYSEARCA:MLPA traded up $0.56 during trading on Tuesday, hitting $50.24. 186,402 shares of the stock traded hands, compared to its average volume of 317,825. The company has a fifty day moving average price of $48.50 and a two-hundred day moving average price of $49.00. Global X MLP ETF has a 52-week low of $45.09 and a 52-week high of $54.53. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 14.42 and a beta of 0.64.

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.