Short Interest in iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Rises By 149.0%

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 53,251 shares, an increase of 149.0% from the April 30th total of 21,385 shares. Based on an average daily volume of 143,862 shares, the days-to-cover ratio is presently 0.4 days. Currently, 2.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors acquired a new position in iShares U.S. Digital Infrastructure and Real Estate ETF in the second quarter valued at about $223,000. Sunbelt Securities Inc. boosted its position in iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% in the third quarter. Sunbelt Securities Inc. now owns 1,882 shares of the company’s stock valued at $163,000 after buying an additional 1,857 shares in the last quarter. Jones Financial Companies Lllp boosted its position in iShares U.S. Digital Infrastructure and Real Estate ETF by 39.5% in the third quarter. Jones Financial Companies Lllp now owns 5,491 shares of the company’s stock valued at $474,000 after buying an additional 1,555 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position 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 valued at $456,000 after buying an additional 177 shares in the last quarter.

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

Shares of NYSEARCA:IDGT traded up $1.28 on Monday, hitting $130.14. 49,785 shares of the company were exchanged, compared to its average volume of 35,052. The company’s 50 day moving average price is $113.20 and its two-hundred day moving average price is $97.98. iShares U.S. Digital Infrastructure and Real Estate ETF has a one year low of $78.62 and a one year high of $130.71. The firm has a market capitalization of $299.32 million, a price-to-earnings ratio of 32.93 and a beta of 1.14.

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.