Global X MLP ETF (NYSEARCA:MLPA) Short Interest Update

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

Hedge Funds Weigh In On Global X MLP ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. purchased a new stake in Global X MLP ETF in the 1st quarter valued at approximately $761,000. Empowered Funds LLC acquired a new position in shares of Global X MLP ETF in the first quarter worth $1,555,000. Janney Montgomery Scott LLC purchased a new stake in shares of Global X MLP ETF in the second quarter valued at $279,000. Blair William & Co. IL boosted its stake in shares of Global X MLP ETF by 1.6% during the second quarter. Blair William & Co. IL now owns 28,210 shares of the company’s stock valued at $1,416,000 after acquiring an additional 436 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Global X MLP ETF by 18.6% during the 2nd quarter. IFP Advisors Inc now owns 6,498 shares of the company’s stock worth $326,000 after purchasing an additional 1,019 shares in the last quarter.

Global X MLP ETF Price Performance

Global X MLP ETF stock traded up $0.26 during trading hours 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 1-year low of $45.09 and a 1-year high of $54.17. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 14.42 and a beta of 0.64. The stock’s fifty day moving average is $49.71 and its two-hundred day moving average is $49.14.

Global X MLP ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Monday, February 9th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Monday, February 9th. This is a positive change from Global X MLP ETF’s previous quarterly dividend of $0.98.

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.