iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Shares Shorted: Short Interest Up 445.4% in October

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 12,337 shares, a growth of 445.4% from the October 15th total of 2,262 shares. Based on an average trading volume of 27,979 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

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

IDGT stock traded down $0.12 during midday trading on Thursday, reaching $106.31. 61,991 shares of the company traded hands, compared to its average volume of 41,418. iShares U.S. Digital Infrastructure and Real Estate ETF has a 52-week low of $82.45 and a 52-week high of $133.05. The business has a 50 day moving average of $111.86 and a 200-day moving average of $111.13. The firm has a market capitalization of $467.76 million, a price-to-earnings ratio of 17.68 and a beta of 1.20.

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

Several large investors have recently modified their holdings of the stock. Continuum Advisory LLC purchased a new stake in iShares U.S. Digital Infrastructure and Real Estate ETF during the 2nd quarter valued at $33,000. Farther Finance Advisors LLC lifted its position in iShares U.S. Digital Infrastructure and Real Estate ETF by 159.5% in the third quarter. Farther Finance Advisors LLC now owns 480 shares of the company’s stock worth $54,000 after buying an additional 295 shares during the last quarter. Parallel Advisors LLC lifted its position in iShares U.S. Digital Infrastructure and Real Estate ETF by 33.3% in the third quarter. Parallel Advisors LLC now owns 2,399 shares of the company’s stock worth $270,000 after buying an additional 599 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake 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 worth $456,000 after buying an additional 177 shares during the period.

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.