iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Shares Shorted: Short Interest Down 84.9% in September

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 2,425 shares, a drop of 84.9% from the September 15th total of 16,100 shares. Based on an average daily volume of 24,451 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares U.S. Digital Infrastructure and Real Estate ETF

Several institutional investors and hedge funds have recently bought and sold shares of IDGT. Janney Montgomery Scott LLC lifted its holdings 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 valued at $456,000 after purchasing an additional 177 shares during the last quarter. Farther Finance Advisors LLC grew its stake in iShares U.S. Digital Infrastructure and Real Estate ETF by 159.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 480 shares of the company’s stock worth $54,000 after buying an additional 295 shares during the last quarter. Finally, Continuum Advisory LLC acquired a new position in iShares U.S. Digital Infrastructure and Real Estate ETF during the 2nd quarter valued at about $33,000.

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

Shares of IDGT stock traded up $4.82 during mid-day trading on Friday, hitting $120.37. 17,827 shares of the stock traded hands, compared to its average volume of 35,130. The stock has a market cap of $547.68 million, a P/E ratio of 32.93 and a beta of 1.17. The stock’s fifty day moving average is $116.16 and its two-hundred day moving average is $116.29. iShares U.S. Digital Infrastructure and Real Estate ETF has a 52-week low of $82.45 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.