Short Interest in iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Decreases By 84.8%

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 15,262 shares, a drop of 84.8% from the June 30th total of 100,168 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 35,184 shares, the short-interest ratio is currently 0.4 days.

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

Shares of IDGT traded up $0.19 on Friday, hitting $114.30. The company’s stock had a trading volume of 114,811 shares, compared to its average volume of 40,043. The company has a market capitalization of $485.77 million, a PE ratio of 32.93 and a beta of 1.15. iShares U.S. Digital Infrastructure and Real Estate ETF has a fifty-two week low of $81.12 and a fifty-two week high of $133.05. The company has a 50 day moving average price of $121.09 and a 200 day moving average price of $107.23.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its holdings 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 during the last quarter. Sunbelt Securities Inc. lifted its position in iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,882 shares of the company’s stock worth $163,000 after buying an additional 1,857 shares in the last quarter. Finally, Captrust Financial Advisors bought 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.