SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Stock Short Interest Jumps 77.2%

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 124,425 shares, an increase of 77.2% from the September 30th total of 70,203 shares. Based on an average trading volume of 41,274 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.0% of the company’s shares are sold short.

Hedge Funds Weigh In On SPDR S&P Global Infrastructure ETF

A hedge fund recently raised its stake in SPDR S&P Global Infrastructure ETF stock. TOWER TRUST & INVESTMENT Co increased its holdings in shares of SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 195,377 shares of the company’s stock after buying an additional 7,278 shares during the quarter. SPDR S&P Global Infrastructure ETF comprises approximately 7.8% of TOWER TRUST & INVESTMENT Co’s portfolio, making the stock its 3rd biggest holding. TOWER TRUST & INVESTMENT Co owned approximately 1.51% of SPDR S&P Global Infrastructure ETF worth $13,662,000 as of its most recent SEC filing.

SPDR S&P Global Infrastructure ETF Price Performance

GII stock traded down $0.02 during midday trading on Monday, hitting $75.05. The stock had a trading volume of 11,992 shares, compared to its average volume of 54,897. The company’s 50-day moving average price is $72.55 and its 200 day moving average price is $74.91. The firm has a market cap of $968.14 million, a PE ratio of 20.11 and a beta of 0.62. SPDR S&P Global Infrastructure ETF has a 12-month low of $69.01 and a 12-month high of $78.95.

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.