SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Sees Significant Increase in Short Interest

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 29,468 shares, an increase of 75.2% from the May 31st total of 16,816 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 48,646 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC grew its stake in SPDR S&P Global Infrastructure ETF by 168.7% in the 4th quarter. Parallel Advisors LLC now owns 806 shares of the company’s stock valued at $56,000 after acquiring an additional 506 shares during the period. Copia Wealth Management increased its holdings in SPDR S&P Global Infrastructure ETF by 18.5% in the 4th quarter. Copia Wealth Management now owns 1,012 shares of the company’s stock worth $71,000 after acquiring an additional 158 shares in the last quarter. Farther Finance Advisors LLC raised its position in SPDR S&P Global Infrastructure ETF by 5,749.0% during the fourth quarter. Farther Finance Advisors LLC now owns 11,230 shares of the company’s stock worth $784,000 after acquiring an additional 11,038 shares during the period. Eagle Bay Advisors LLC acquired a new position in SPDR S&P Global Infrastructure ETF during the fourth quarter worth $31,000. Finally, TOWER TRUST & INVESTMENT Co lifted its holdings in SPDR S&P Global Infrastructure ETF by 53.6% during the fourth quarter. TOWER TRUST & INVESTMENT Co now owns 189,670 shares of the company’s stock valued at $13,233,000 after purchasing an additional 66,182 shares in the last quarter.

SPDR S&P Global Infrastructure ETF Price Performance

GII stock opened at $74.86 on Thursday. The company’s 50-day simple moving average is $75.80 and its 200-day simple moving average is $74.76. SPDR S&P Global Infrastructure ETF has a 52-week low of $65.99 and a 52-week high of $78.95. The firm has a market cap of $950.72 million, a P/E ratio of 20.11 and a beta of 0.62.

SPDR S&P Global Infrastructure ETF Company Profile

SPDR S&P Global Infrastructure ETF (the Fund), formerly SPDR FTSE/Macquarie Global Infrastructure 100 ETF, seeks to replicate as closely as possible the total return performance of the Macquarie Global Infrastructure 100 Index (the Index). The Index, calculated by FTSE, is designed to reflect the stock performance of companies within the infrastructure industry, principally those engaged in management, ownership and operation of infrastructure and utility assets. The Index is a composite of the Macquarie Global Infrastructure Index (MGII), which is based on 255 stocks in the FTSE Global Equity Index Series.