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 December 16, 2024, MLPA stock price declined to $49.78 with 26,130 million shares trading.

MLPA has a beta of 0.29, meaning it tends to be less sensitive to market movements. MLPA has a correlation of 0.08 to the broad based SPY ETF.

MLPA has a market cap of $1.68 billion. This is considered a Small Cap stock.

In the last 3 years, MLPA traded as high as $52.61 and as low as $32.29.

MLPA has underperformed the market in the last year with a price return of +20.9% while the SPY ETF gained +30.5%. MLPA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +5.3% and -5.4%, respectively, while the SPY returned +8.3% and +0.8%, respectively.

MLPA support price is $49.84 and resistance is $50.86 (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.