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

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 48,522 shares, a decline of 93.7% from the April 15th total of 770,125 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 110,731 shares, the short-interest ratio is presently 0.4 days.

SPDR S&P Global Infrastructure ETF Stock Performance

Shares of NYSEARCA GII traded down $0.57 during midday trading on Wednesday, hitting $76.01. 392,834 shares of the company traded hands, compared to its average volume of 72,718. SPDR S&P Global Infrastructure ETF has a 12-month low of $64.53 and a 12-month high of $78.95. The firm has a market cap of $969.13 million, a P/E ratio of 20.11 and a beta of 0.64. The stock has a 50-day moving average price of $76.47 and a 200 day moving average price of $73.47.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Copia Wealth Management boosted its stake in SPDR S&P Global Infrastructure ETF by 18.5% during the fourth 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. Eagle Bay Advisors LLC bought a new position in shares of SPDR S&P Global Infrastructure ETF during the fourth quarter valued at approximately $31,000. Parallel Advisors LLC lifted its holdings in shares of SPDR S&P Global Infrastructure ETF by 168.7% during the fourth quarter. Parallel Advisors LLC now owns 806 shares of the company’s stock valued at $56,000 after purchasing an additional 506 shares during the last quarter. Cornerstone Planning Group LLC purchased a new position in shares of SPDR S&P Global Infrastructure ETF during the third quarter valued at approximately $37,000. Finally, Provenance Wealth Advisors LLC boosted its position in shares of 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 worth $1,146,000 after purchasing an additional 1,090 shares in the last quarter.

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.