Short Interest in iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Grows By 149.0%

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 53,251 shares, an increase of 149.0% from the April 30th total of 21,385 shares. Based on an average daily volume of 143,862 shares, the short-interest ratio is presently 0.4 days. Currently, 2.3% of the company’s shares are short sold.

iShares U.S. Digital Infrastructure and Real Estate ETF Stock Up 2.4%

Shares of NYSEARCA IDGT opened at $128.86 on Friday. The business has a fifty day simple moving average of $112.60 and a two-hundred day simple moving average of $97.65. The firm has a market cap of $296.38 million, a PE ratio of 32.93 and a beta of 1.14. iShares U.S. Digital Infrastructure and Real Estate ETF has a twelve month low of $78.23 and a twelve month high of $129.36.

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

A number of hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. raised its holdings 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 worth $163,000 after purchasing an additional 1,857 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF in the 2nd quarter worth approximately $223,000. Janney Montgomery Scott LLC grew its position 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 buying an additional 177 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 39.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 5,491 shares of the company’s stock worth $474,000 after acquiring an additional 1,555 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.