MLPX Stock Summary and Trading Ideas (Global X MLP & Energy Infrastructure ETF | ARCA:MLPX)

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 December 13, 2024, MLPX stock price declined to $60.91 with 144,533 million shares trading.

MLPX has a beta of 0.41, meaning it tends to be less sensitive to market movements. MLPX has a correlation of 0.11 to the broad based SPY ETF.

MLPX has a market cap of $2.28 billion. This is considered a Mid Cap stock.

In the last 3 years, MLPX traded as high as $64.72 and as low as $33.20.

MLPX has outperformed the market in the last year with a return of +44.8%, while the SPY ETF gained +29.9%. In the last 3 month period, MLPX beat the market returning +13.7%, while SPY returned +7.8%. However, in the most recent 2 weeks MLPX has underperformed the stock market by returning -5.3%, while SPY returned +0.3%.

MLPX support price is $60.63 and resistance is $61.97 (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 shares will trade within this expected range on the day.