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MLPY
Morgan Stanley Cushing MLP High Income Index ETN

Price: $2.71
Change: $0.06 (-0.02%)
Category: MLPs
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $1.60
  • 52 Week Hi $6.07
  • AUM $20.5 M
  • Shares 7.4 M

Analyst Report

This ETN looks to track the Cushing MLP High Income index which seeks to track the performance of 30 energy and shipping MLPs with an emphasis on current income. The securities are chosen for inclusion according to a three-tier proprietary weighting system developed by Cushing MLP Asset Management. MLPs have seen huge inflows as of late as investors search for new ways to obtain current income in this low yield environment. Since MLPs have to pay out most of their income as dividends in order to maintain certain tax advantages, these securities have fallen into favor with many investors. Furthermore, since these assets tend to produce income no matter what the price of their underlying commodities have been doing, they are sought by many, even those that are bearish on commodity investing. Additionally, it should be noted that since this is an ETN the fund has no tracking error but it does get some credit risk from the underlying issuer-- Morgan Stanley. However, for investors seeking securities in the space that pay out yields above and beyond other MLPs this fund could be a quality choice. Its expenses are in line with other products in the category and its yield is close to 80 basis points higher than some of the more popular funds in the space.

Historical Trading Data

  • 1 Month Avg. Volume 17,682
  • 3 Month Avg. Volume 11,594

Alternative ETFs in the MLPs Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest MLPA 0.45% $664.9 M 642,841 -35.85%
Largest (AUM) AMLP 0.85% $3.6 B 4 M -35.02%
Most Liquid (Volume) AMLP 0.85% $3.6 B 4 M -35.02%
Top YTD Performer MLPX 0.45% $508.1 M 269,540 -30.52%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

26
Number of Holdings
47.64%
% Assets in Top 10
64.98%
% Assets in Top 15
84.96%
% Assets in Top 50
Number of Holdings
26

% Assets in Top 10
47.64%

% Assets in Top 15
64.98%

% Assets in Top 50
84.96%

Sector Breakdown

Asset Percentage
Common equity 100.0%
Sector Percentage
Energy 92.06%
Utilities 6.52%
Industrials 1.42%
Market Cap Percentage
Micro cap 52.03%
Small cap 27.62%
Mid cap 15.63%
Unknown 3.2%
Large cap 1.51%
Region Percentage
North America 97.13%
Europe 2.87%
Region Percentage
United States 90.56%
Developed Markets (ex-US) 8.01%
Not-designated 1.42%
Country Percentage
United States 90.56%
Canada 6.57%
United Kingdom 1.44%
Monaco 1.42%
Asset Percentage
Common equity 100.0%

MLPY Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A

MLPY Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.14
Dividend Date
2019-07-12
Annual Dividend Rate
$0.14

$0.14
Dividend
2019-07-12
Dividend Date
$0.14
Annual Dividend Rate
Annual Dividend Yield
5.09%

MLPY Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: 0 1 Year Net Flows: 0 3 Year Net Flows: 0 5 Year Net Flows: 0.1 10 Year Net Flows: 90.17 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for MLPY on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the MLPs with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B- n/a
Expenses B n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

MLPY Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.537%
ETF Wtd. Average
0.19%
Category Average
0.91%
Expense Ratio
0.85%
ESG Themes and Scores

MLPY does not have an ESG score. There are no ESG themes that map to this ETF.

MLPY Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-7.35%
1 Week Return
-12.16%
4 Week Return
31.23%
13 Week Return
-48.48%
26 Week Return
-47.88%
Year to Date Return
-54.87%
1 Year Return
-56.36%
3 Year Return
-66.28%
5 Year Return
1 Week Return
-7.35%

4 Week Return
-12.16%

13 Week Return
31.23%

26 Week Return
-48.48%

Year to Date Return
-47.88%

1 Year Return
-54.87%

3 Year Return
-56.36%

5 Year Return
-66.28%

MLPY Price and Volume Chart

MLPY Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
287.15%
Rank
9 of 16

20 Day Volatility
53.50%
Rank
5 of 16

50 Day Volatility
62.85%
Rank
5 of 16

200 Day Volatility
85.66%
Rank
16 of 16

Beta
2.0
Rank
4 of 16

Standard Deviation
1.28%
Rank
16 of 16

Technicals

  • 20 Day MA $3.04
  • 60 Day MA $2.88
  • MACD 15 Period -0.27
  • MACD 100 Period -0.10
  • Williams % Range 10 Day 88.18
  • Williams % Range 20 Day 94.07
  • RSI 10 Day 30
  • RSI 20 Day 41
  • RSI 30 Day 44
  • Ultimate Oscillator 38

Bollinger Brands

  • Lower Bollinger (10 Day) $2.74
  • Upper Bollinger (10 Day) $3.04
  • Lower Bollinger (20 Day) $2.67
  • Upper Bollinger (20 Day) $3.45
  • Lower Bollinger (30 Day) $2.66
  • Upper Bollinger (30 Day) $3.62

Support & Resistance

  • Support Level 1 $2.64
  • Support Level 2 $2.57
  • Resistance Level 1 $2.80
  • Resistance Level 2 $2.89

Stochastic

  • Stochastic Oscillator %D (1 Day) 36.17
  • Stochastic Oscillator %D (5 Day) 27.59
  • Stochastic Oscillator %K (1 Day) 40.62
  • Stochastic Oscillator %K (5 Day) 32.03

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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