iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Sees Large Increase in Short Interest

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 12,337 shares, an increase of 445.4% from the October 15th total of 2,262 shares. Based on an average daily volume of 27,979 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

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

NYSEARCA IDGT traded down $1.87 during trading hours on Friday, reaching $104.44. The company’s stock had a trading volume of 10,347 shares, compared to its average volume of 41,273. The firm has a market capitalization of $344.65 million, a price-to-earnings ratio of 17.68 and a beta of 1.20. The company’s 50-day moving average is $111.74 and its two-hundred day moving average is $111.22. iShares U.S. Digital Infrastructure and Real Estate ETF has a 1-year low of $82.45 and a 1-year high of $133.05.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC lifted its position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 33.3% during the 3rd quarter. Parallel Advisors LLC now owns 2,399 shares of the company’s stock valued at $270,000 after buying an additional 599 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in iShares U.S. Digital Infrastructure and Real Estate ETF by 159.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 480 shares of the company’s stock worth $54,000 after acquiring an additional 295 shares in the last quarter. Continuum Advisory LLC acquired a new position in iShares U.S. Digital Infrastructure and Real Estate ETF during the second quarter worth $33,000. Finally, Janney Montgomery Scott LLC raised its position in iShares U.S. Digital Infrastructure and Real Estate ETF by 3.9% during the first quarter. Janney Montgomery Scott LLC now owns 4,667 shares of the company’s stock worth $456,000 after acquiring an additional 177 shares during the period.

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.