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 significant growth in short interest in August. As of August 14th, there was short interest totaling 22,106 shares, a growth of 116.9% from the July 30th total of 10,194 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,780 shares, the short-interest ratio is presently 1.0 days.

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

NYSEARCA IDGT opened at $115.96 on Monday. The stock has a market capitalization of $516.02 million, a P/E ratio of 32.93 and a beta of 1.16. iShares U.S. Digital Infrastructure and Real Estate ETF has a 1 year low of $81.26 and a 1 year high of $133.05. The business’s fifty day moving average is $117.28 and its two-hundred day moving average is $112.68.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Continuum Advisory LLC purchased a new stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF during the second quarter valued at $33,000. Janney Montgomery Scott LLC increased its stake in 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 in the last quarter. Sunbelt Securities Inc. increased its stake 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 purchasing an additional 1,857 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in iShares U.S. Digital Infrastructure and Real Estate ETF during the 2nd quarter worth about $223,000.

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.