iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Shares Shorted: Short Interest Down 84.9% in September

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 2,425 shares, a drop of 84.9% from the September 15th total of 16,100 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 24,451 shares, the days-to-cover ratio is currently 0.1 days.

iShares U.S. Digital Infrastructure and Real Estate ETF Stock Up 4.2%

Shares of IDGT traded up $4.82 during mid-day trading on Friday, hitting $120.37. 17,827 shares of the company traded hands, compared to its average volume of 35,130. The company has a market capitalization of $547.68 million, a PE ratio of 32.93 and a beta of 1.17. The business has a 50 day moving average of $116.16 and a 200 day moving average of $116.29. iShares U.S. Digital Infrastructure and Real Estate ETF has a 1-year low of $82.45 and a 1-year high of $133.05.

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

Several institutional investors and hedge funds have recently made changes to their positions in IDGT. 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 valued at $456,000 after buying an additional 177 shares during the last quarter. Farther Finance Advisors LLC raised its stake in iShares U.S. Digital Infrastructure and Real Estate ETF by 159.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 480 shares of the company’s stock worth $54,000 after acquiring an additional 295 shares during the last quarter. Finally, Continuum Advisory LLC acquired a new stake in iShares U.S. Digital Infrastructure and Real Estate ETF during the 2nd quarter worth about $33,000.

iShares U.S. Digital Infrastructure and Real Estate ETF Company Profile

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.