SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Sees Significant Decline in Short Interest
by Teresa Graham · The Cerbat GemSPDR S&P Global Infrastructure ETF (NYSEARCA:GII – Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 11,458 shares, a drop of 76.4% from the April 30th total of 48,522 shares. Based on an average daily volume of 90,878 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.
Institutional Trading of SPDR S&P Global Infrastructure ETF
A number of institutional investors and hedge funds have recently bought and sold shares of GII. TOWER TRUST & INVESTMENT Co boosted its holdings in shares of 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 buying an additional 66,182 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in SPDR S&P Global Infrastructure ETF by 5,749.0% in the 4th quarter. Farther Finance Advisors LLC now owns 11,230 shares of the company’s stock worth $784,000 after purchasing an additional 11,038 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in SPDR S&P Global Infrastructure ETF by 775.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,046 shares of the company’s stock worth $699,000 after purchasing an additional 8,898 shares in the last quarter. Parallel Advisors LLC boosted 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 worth $56,000 after purchasing an additional 506 shares in the last quarter. Finally, Copia Wealth Management boosted its stake 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 purchasing an additional 158 shares in the last quarter.
SPDR S&P Global Infrastructure ETF Stock Performance
Shares of SPDR S&P Global Infrastructure ETF stock traded down $0.04 during trading 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 company has a fifty day simple moving average of $76.36 and a two-hundred day simple moving average of $73.98. The company has a market capitalization of $965.05 million, a PE ratio of 20.11 and a beta of 0.64. SPDR S&P Global Infrastructure ETF has a 52 week low of $65.65 and a 52 week 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.