iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT – Get Free Report) was the target of 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 trading volume, of 24,451 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.
iShares U.S. Digital Infrastructure and Real Estate ETF Trading Down 2.4%
IDGT stock traded down $2.91 during trading hours on Monday, hitting $117.46. 29,254 shares of the stock traded hands, compared to its average volume of 35,099. The stock has a 50-day simple moving average of $116.16 and a 200 day simple moving average of $116.42. The company has a market cap of $534.44 million, a P/E ratio of 32.93 and a beta of 1.17. iShares U.S. Digital Infrastructure and Real Estate ETF has a one year low of $82.45 and a one year high of $133.05.
Institutional Investors Weigh In On iShares U.S. Digital Infrastructure and Real Estate ETF
Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its stake in shares of 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 purchasing an additional 295 shares during the last quarter. Continuum Advisory LLC bought a new stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF in the 2nd quarter worth approximately $33,000. Finally, 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 worth $456,000 after purchasing an additional 177 shares in the last quarter.
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.
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