Global X MLP & Energy Infrastructure Covered Call ETF (NYSEARCA:MLPD) Sees Large Decline in Short Interest

Global X MLP & Energy Infrastructure Covered Call ETF (NYSEARCA:MLPD) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 7,814 shares, a decrease of 66.3% from the July 15th total of 23,164 shares. Based on an average daily volume of 13,229 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.6% of the shares of the stock are short sold.

Global X MLP & Energy Infrastructure Covered Call ETF Trading Up 0.8%

MLPD stock traded up $0.21 during midday trading on Friday, reaching $25.15. The stock had a trading volume of 3,518 shares, compared to its average volume of 14,813. Global X MLP & Energy Infrastructure Covered Call ETF has a 52-week low of $24.25 and a 52-week high of $25.95. The company’s fifty day simple moving average is $24.94 and its 200 day simple moving average is $25.24. The company has a market cap of $31.44 million, a price-to-earnings ratio of 18.56 and a beta of 0.03.

Global X MLP & Energy Infrastructure Covered Call ETF Company Profile

The Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) is an exchange-traded fund that is based on the CBOE MLPX ATM BuyWrite index. The fund tracks an index of long positions in the Global X MLP & Energy Infrastructure ETF (MLPX) and writes one-month, at-the-money call options on up to 100% of the underlying portfolio. MLPD was launched on May 7, 2024 and is issued by Global X.