Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sees Strong Trading Volume – Here’s Why

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) shares saw strong trading volume on Friday . 475,945 shares changed hands during mid-day trading, an increase of 124% from the previous session’s volume of 212,116 shares.The stock last traded at $60.90 and had previously closed at $60.64.

Global X MLP & Energy Infrastructure ETF Price Performance

The company has a market cap of $1.72 billion, a PE ratio of 18.89 and a beta of 0.54. The company’s 50 day simple moving average is $56.51 and its two-hundred day simple moving average is $52.97.

Hedge Funds Weigh In On Global X MLP & Energy Infrastructure ETF

A number of hedge funds have recently made changes to their positions in MLPX. EverSource Wealth Advisors LLC acquired a new stake in shares of Global X MLP & Energy Infrastructure ETF during the first quarter worth about $28,000. Hara Capital LLC purchased a new stake in Global X MLP & Energy Infrastructure ETF during the 3rd quarter worth approximately $33,000. Assetmark Inc. acquired a new stake in Global X MLP & Energy Infrastructure ETF during the 3rd quarter worth approximately $42,000. Capital Advisors Ltd. LLC boosted its position in Global X MLP & Energy Infrastructure ETF by 51.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,056 shares of the company’s stock valued at $54,000 after buying an additional 359 shares during the period. Finally, Adirondack Trust Co. acquired a new position in shares of Global X MLP & Energy Infrastructure ETF in the third quarter worth $55,000.

Global X MLP & Energy Infrastructure ETF Company Profile

The Global X MLP & Energy Infrastructure ETF (MLPX) is an exchange-traded fund that mostly invests in energy equity. The fund tracks an index of MLPs and companies engaged in energy infrastructure. The ETF is structured as an open-ended fund. MLPX was launched on Aug 7, 2013 and is managed by Global X.