Short Interest in SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Expands By 252.7%

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 73,588 shares, an increase of 252.7% from the July 15th total of 20,863 shares. Based on an average daily volume of 41,302 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.6% of the company’s stock are sold short.

SPDR S&P Global Infrastructure ETF Trading Down 0.1%

GII traded down $0.05 during trading hours on Thursday, hitting $75.12. 668 shares of the company’s stock were exchanged, compared to its average volume of 61,900. The firm has a market cap of $931.49 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 $67.57 and a 12-month high of $78.95. The firm has a 50 day moving average of $75.72 and a 200 day moving average of $75.97.

Institutional Investors Weigh In On SPDR S&P Global Infrastructure ETF

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its position in shares of SPDR S&P Global Infrastructure ETF by 5,749.0% during the fourth quarter. Farther Finance Advisors LLC now owns 11,230 shares of the company’s stock worth $784,000 after buying an additional 11,038 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in SPDR S&P Global Infrastructure ETF in the fourth quarter valued at approximately $31,000. Marshall Wace LLP acquired a new stake in SPDR S&P Global Infrastructure ETF in the second quarter valued at approximately $1,089,000. Jones Financial Companies Lllp lifted its stake in SPDR S&P Global Infrastructure ETF by 174.1% in the first quarter. Jones Financial Companies Lllp now owns 11,706 shares of the company’s stock worth $726,000 after acquiring an additional 7,435 shares during the last quarter. Finally, Trust Co. of Vermont purchased a new position in SPDR S&P Global Infrastructure ETF in the second quarter worth approximately $27,000.

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.