iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Short Interest Up 220.4% in June

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 100,168 shares, an increase of 220.4% from the June 15th total of 31,264 shares. Based on an average daily trading volume, of 88,209 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.3% of the shares of the company are sold short.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. grew its holdings in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% during the third 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 bought a new stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF in the 2nd quarter worth approximately $223,000. Finally, Janney Montgomery Scott LLC lifted 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 during the last quarter.

iShares U.S. Digital Infrastructure and Real Estate ETF Stock Performance

NYSEARCA IDGT opened at $117.99 on Wednesday. iShares U.S. Digital Infrastructure and Real Estate ETF has a one year low of $81.06 and a one year high of $133.05. The company has a 50-day simple moving average of $122.04 and a 200-day simple moving average of $105.77. The firm has a market capitalization of $501.46 million, a PE ratio of 32.93 and a beta of 1.15.

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.