iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Short Interest Update

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 31,264 shares, a drop of 43.1% from the May 31st total of 54,987 shares. Based on an average daily trading volume, of 45,541 shares, the short-interest ratio is presently 0.7 days. Approximately 1.4% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares U.S. Digital Infrastructure and Real Estate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 3.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,667 shares of the company’s stock valued at $456,000 after acquiring an additional 177 shares in the last quarter. Captrust Financial Advisors purchased a new stake in iShares U.S. Digital Infrastructure and Real Estate ETF in the second quarter valued at approximately $223,000. Finally, Sunbelt Securities Inc. raised its stake in iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% in the third quarter. Sunbelt Securities Inc. now owns 1,882 shares of the company’s stock valued at $163,000 after purchasing an additional 1,857 shares in the last quarter.

iShares U.S. Digital Infrastructure and Real Estate ETF Price Performance

Shares of IDGT traded down $2.38 during mid-day trading on Wednesday, hitting $117.36. The stock had a trading volume of 69,275 shares, compared to its average volume of 40,419. The firm has a market cap of $269.93 million, a P/E ratio of 32.93 and a beta of 1.14. The business has a fifty day moving average price of $121.95 and a 200-day moving average price of $103.75. iShares U.S. Digital Infrastructure and Real Estate ETF has a 52 week low of $81.06 and a 52 week high of $133.05.

About iShares U.S. Digital Infrastructure and Real Estate ETF

The iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index of 50 US stocks involved in data centers, telecommunication towers, and related equipment. The fund uses a tiered approach in selection and weighting. IDGT was launched on Jul 10, 2001 and is issued by BlackRock.