iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Short Interest Update

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 100,168 shares, a growth of 220.4% from the June 15th total of 31,264 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average trading volume of 88,209 shares, the short-interest ratio is currently 1.1 days.

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

Shares of NYSEARCA IDGT traded down $0.68 during mid-day trading on Monday, hitting $120.21. 6,660 shares of the stock traded hands, compared to its average volume of 39,952. 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 cap of $516.90 million, a price-to-earnings ratio of 32.93 and a beta of 1.15. The stock has a fifty day moving average price of $122.14 and a 200-day moving average price of $105.31.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in IDGT. Sunbelt Securities Inc. boosted its stake in shares of 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 purchasing an additional 1,857 shares during the period. Captrust Financial Advisors bought a new stake in iShares U.S. Digital Infrastructure and Real Estate ETF during the 2nd quarter valued at $223,000. Finally, Janney Montgomery Scott LLC lifted its stake in iShares U.S. Digital Infrastructure and Real Estate ETF by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 4,667 shares of the company’s stock worth $456,000 after acquiring an additional 177 shares during the period.

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.