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 growth in short interest in May. As of May 15th, there was short interest totaling 53,251 shares, a growth of 149.0% from the April 30th total of 21,385 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily volume of 143,862 shares, the short-interest ratio is currently 0.4 days.

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

IDGT opened at $128.86 on Friday. The company 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. The company has a 50-day moving average price of $112.60 and a 200 day moving average price of $97.65.

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

A number of hedge funds have recently made changes to their positions in IDGT. Captrust Financial Advisors purchased a new position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF in the second quarter valued at approximately $223,000. Sunbelt Securities Inc. boosted its stake in shares of 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 acquiring an additional 1,857 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of 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 purchasing an additional 177 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 39.5% during the third quarter. Jones Financial Companies Lllp now owns 5,491 shares of the company’s stock worth $474,000 after purchasing an additional 1,555 shares in the last quarter.

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.