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The Global X MLP & Energy Infrastructure ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP & Energy Infrastructure Index.
Global X MLP & Energy Infrastructure ETF trades on the ARCA stock market under the symbol MLPX.
As of April 23, 2024, MLPX stock price climbed to $48.76 with 87,688 million shares trading.
MLPX has a beta of 0.46, meaning it tends to be less sensitive to market movements. MLPX has a correlation of 0.15 to the broad based SPY ETF.
MLPX has a market cap of $1.35 billion. This is considered a Small Cap stock.
In the last 3 years, MLPX stock traded as high as $49.67 and as low as $31.93.
MLPX has outperformed the market in the last year with a price return of +25.3% while the SPY ETF gained +24.1%. MLPX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +11.5% and -0.5%, respectively, while the SPY returned +4.8% and -2.7%, respectively.
MLPX support price is $48.13 and resistance is $48.99 (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 MLPX stock will trade within this expected range on the day.