Short Interest in iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Expands By 116.9%

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 22,106 shares, an increase of 116.9% from the July 30th total of 10,194 shares. Based on an average daily trading volume, of 21,780 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.5% of the shares of the stock are short sold.

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

Several hedge funds and other institutional investors have recently modified their holdings of IDGT. Sunbelt Securities Inc. boosted its holdings in iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,882 shares of the company’s stock worth $163,000 after acquiring an additional 1,857 shares during the period. Captrust Financial Advisors acquired a new position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF during the second quarter worth $223,000. Continuum Advisory LLC acquired a new position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF during the second quarter worth $33,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 3.9% in the first 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 period.

iShares U.S. Digital Infrastructure and Real Estate ETF Trading Down 2.1%

Shares of iShares U.S. Digital Infrastructure and Real Estate ETF stock traded down $2.51 during mid-day trading on Friday, hitting $115.96. 17,001 shares of the stock were exchanged, compared to its average volume of 37,524. iShares U.S. Digital Infrastructure and Real Estate ETF has a twelve month low of $81.26 and a twelve month high of $133.05. The stock has a market capitalization of $516.02 million, a price-to-earnings ratio of 32.93 and a beta of 1.16. The company has a 50-day simple moving average of $117.28 and a 200 day simple moving average of $112.52.

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.