Short Interest in iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Declines By 43.1%

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 31,264 shares, a decline of 43.1% from the May 31st total of 54,987 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 45,541 shares, the days-to-cover ratio is currently 0.7 days.

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

Shares of NYSEARCA IDGT traded down $3.10 during trading hours on Thursday, hitting $114.26. The stock had a trading volume of 32,042 shares, compared to its average volume of 40,352. The firm’s 50-day moving average price is $121.95 and its two-hundred day moving average price is $103.75. iShares U.S. Digital Infrastructure and Real Estate ETF has a 52 week low of $81.06 and a 52 week high of $133.05. The company has a market capitalization of $451.33 million, a P/E ratio of 32.93 and a beta of 1.15.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IDGT. Captrust Financial Advisors bought a new position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF in the 2nd quarter valued at approximately $223,000. Sunbelt Securities Inc. boosted its position in 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 worth $163,000 after purchasing an additional 1,857 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in 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 valued at $456,000 after purchasing an additional 177 shares during 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.