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

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) saw a significant increase in short interest in 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 daily volume of 41,274 shares, the days-to-cover ratio is presently 3.0 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in SPDR S&P Global Infrastructure ETF stock. TOWER TRUST & INVESTMENT Co lifted its position in SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 195,377 shares of the company’s stock after purchasing an additional 7,278 shares during the quarter. SPDR S&P Global Infrastructure ETF makes up 7.8% of TOWER TRUST & INVESTMENT Co’s investment portfolio, making the stock its 3rd biggest holding. TOWER TRUST & INVESTMENT Co owned about 1.51% of SPDR S&P Global Infrastructure ETF worth $13,662,000 at the end of the most recent quarter.

SPDR S&P Global Infrastructure ETF Stock Up 0.4%

Shares of SPDR S&P Global Infrastructure ETF stock traded up $0.32 during trading on Friday, reaching $75.07. The company’s stock had a trading volume of 46,132 shares, compared to its average volume of 55,103. The company has a 50-day simple moving average of $72.54 and a two-hundred day simple moving average of $74.88. SPDR S&P Global Infrastructure ETF has a 1-year low of $69.01 and a 1-year high of $78.95. The company has a market cap of $968.40 million, a price-to-earnings ratio of 20.11 and a beta of 0.62.

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.