Short Interest in iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Decreases By 84.8%

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 15,262 shares, a decrease of 84.8% from the June 30th total of 100,168 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 35,184 shares, the short-interest ratio is currently 0.4 days.

iShares U.S. Digital Infrastructure and Real Estate ETF Trading Up 0.2%

NYSEARCA IDGT traded up $0.19 during trading on Friday, hitting $114.30. 114,811 shares of the company traded hands, compared to its average volume of 40,043. iShares U.S. Digital Infrastructure and Real Estate ETF has a 12 month low of $81.12 and a 12 month high of $133.05. The business has a fifty day simple moving average of $121.09 and a 200 day simple moving average of $107.23. The company has a market capitalization of $485.77 million, a P/E ratio of 32.93 and a beta of 1.15.

Institutional Investors Weigh In On iShares U.S. Digital Infrastructure and Real Estate ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IDGT. Sunbelt Securities Inc. raised its stake in iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,882 shares of the company’s stock valued at $163,000 after purchasing an additional 1,857 shares during the last quarter. Captrust Financial Advisors acquired a new stake in iShares U.S. Digital Infrastructure and Real Estate ETF in the 2nd quarter worth $223,000. Finally, Janney Montgomery Scott LLC increased 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 worth $456,000 after purchasing an additional 177 shares during the period.

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.