Short Interest in iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Grows By 220.4%

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 100,168 shares, a growth of 220.4% from the June 15th total of 31,264 shares. Based on an average daily volume of 88,209 shares, the days-to-cover ratio is currently 1.1 days. Approximately 2.3% of the company’s stock are short sold.

Institutional Trading of iShares U.S. Digital Infrastructure and Real Estate ETF

Institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors bought a new position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF during the second quarter valued at about $223,000. Sunbelt Securities Inc. increased its stake in iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,882 shares of the company’s stock valued at $163,000 after buying an additional 1,857 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 3.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,667 shares of the company’s stock worth $456,000 after buying an additional 177 shares in the last quarter.

iShares U.S. Digital Infrastructure and Real Estate ETF Trading Down 0.6%

Shares of NYSEARCA:IDGT traded down $0.77 during mid-day trading on Tuesday, hitting $117.99. 20,567 shares of the company traded hands, compared to its average volume of 39,910. The stock has a 50-day moving average price of $122.13 and a two-hundred day moving average price of $105.54. iShares U.S. Digital Infrastructure and Real Estate ETF has a 12-month low of $81.06 and a 12-month high of $133.05. The stock has a market cap of $507.36 million, a P/E ratio of 32.93 and a beta of 1.15.

iShares U.S. Digital Infrastructure and Real Estate ETF Company Profile

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.