Global X MLP ETF (NYSEARCA:MLPA) Short Interest Down 18.7% in March

Global X MLP ETF (NYSEARCA:MLPA) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 177,977 shares, a drop of 18.7% from the February 26th total of 218,818 shares. Based on an average daily volume of 318,229 shares, the short-interest ratio is presently 0.6 days. Approximately 0.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Clean Yield Group purchased a new position in shares of Global X MLP ETF in the 3rd quarter valued at approximately $26,000. Smartleaf Asset Management LLC purchased a new position in Global X MLP ETF during the third quarter valued at $46,000. Private Trust Co. NA lifted its position in Global X MLP ETF by 39.2% during the third quarter. Private Trust Co. NA now owns 1,066 shares of the company’s stock valued at $52,000 after buying an additional 300 shares during the period. NBC Securities Inc. boosted its holdings in shares of Global X MLP ETF by 9.7% during the 4th quarter. NBC Securities Inc. now owns 2,683 shares of the company’s stock valued at $130,000 after buying an additional 238 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Global X MLP ETF by 541.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,957 shares of the company’s stock valued at $143,000 after buying an additional 2,496 shares in the last quarter.

Global X MLP ETF Stock Down 0.3%

Shares of MLPA traded down $0.14 during trading hours on Monday, reaching $54.81. 151,898 shares of the company traded hands, compared to its average volume of 286,171. Global X MLP ETF has a 12 month low of $45.09 and a 12 month high of $55.74. The company’s fifty day moving average price is $52.90 and its two-hundred day moving average price is $50.04. The company has a market capitalization of $2.16 billion, a price-to-earnings 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 was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 7.3%. This is a boost from Global X MLP ETF’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, February 9th.

Global X MLP ETF Company Profile

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.