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

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 11,458 shares, a decline of 76.4% from the April 30th total of 48,522 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 90,878 shares, the days-to-cover ratio is currently 0.1 days.

SPDR S&P Global Infrastructure ETF Trading Down 0.1%

GII stock traded down $0.04 on Friday, hitting $75.69. The company’s stock had a trading volume of 103,897 shares, compared to its average volume of 69,667. The firm has a 50 day moving average of $76.36 and a two-hundred day moving average of $73.98. SPDR S&P Global Infrastructure ETF has a 1 year low of $65.65 and a 1 year high of $78.95. The stock has a market cap of $965.05 million, a price-to-earnings ratio of 20.11 and a beta of 0.64.

Institutional Trading of SPDR S&P Global Infrastructure ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. TOWER TRUST & INVESTMENT Co raised its position in SPDR S&P Global Infrastructure ETF by 53.6% in the 4th 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 during the last quarter. Rathbones Group PLC raised its position in SPDR S&P Global Infrastructure ETF by 3.0% in the 3rd quarter. Rathbones Group PLC now owns 49,877 shares of the company’s stock valued at $3,471,000 after purchasing an additional 1,438 shares during the last quarter. Provenance Wealth Advisors LLC raised its position in SPDR S&P Global Infrastructure ETF by 7.1% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 16,465 shares of the company’s stock valued at $1,146,000 after purchasing an additional 1,090 shares during the last quarter. Marshall Wace LLP purchased a new stake in SPDR S&P Global Infrastructure ETF in the 2nd quarter valued at $1,089,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of SPDR S&P Global Infrastructure ETF by 174.1% during the first quarter. Jones Financial Companies Lllp now owns 11,706 shares of the company’s stock worth $726,000 after purchasing an additional 7,435 shares during the period.

About SPDR S&P Global Infrastructure ETF

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.