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

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

Institutional Inflows and Outflows

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

SPDR S&P Global Infrastructure ETF Stock Performance

Shares of GII traded up $0.17 during mid-day trading on Tuesday, reaching $75.22. 8,590 shares of the company’s stock traded hands, compared to its average volume of 54,664. The business’s 50-day moving average price is $72.55 and its 200-day moving average price is $74.91. The stock has a market capitalization of $970.27 million, a P/E 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.