MLPA Stock Summary and Trading Ideas (Global X MLP ETF | ARCA:MLPA)

The Global X MLP ETF seeks investment results that correspond generally to the price and yield performances, before fees and expenses, of the Solactive MLP Infrastructure Index.

Global X MLP ETF trades on the ARCA stock market under the symbol MLPA.

As of January 3, 2025, MLPA stock price climbed to $50.10 with 49,138 million shares trading.

MLPA has a beta of 0.39, meaning it tends to be less sensitive to market movements. MLPA has a correlation of 0.14 to the broad based SPY ETF.

MLPA has a market cap of $1.69 billion. This is considered a Small Cap stock.

In the last 3 years, MLPA traded as high as $52.61 and as low as $34.80.

MLPA has underperformed the market in the last year with a return of +19.3%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MLPA shares. However, MLPA has outperformed the market in the last 3 month and 2 week periods, returning +4.7% and +2.6%, while SPY returned +4.6% and +0.1%, respectively. This indicates MLPA has been having a stronger performance recently.

MLPA support price is $49.44 and resistance is $50.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MLPA shares will trade within this expected range on the day.