iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Sees Large Drop in Short Interest

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 31,264 shares, a decrease of 43.1% from the May 31st total of 54,987 shares. Based on an average trading volume of 45,541 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.4% of the shares of the stock are short sold.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IDGT. Janney Montgomery Scott LLC raised its position 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 valued at $456,000 after buying an additional 177 shares during the period. Sunbelt Securities Inc. grew its stake 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 valued at $163,000 after acquiring an additional 1,857 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF in the 2nd quarter valued at about $223,000.

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

Shares of NYSEARCA:IDGT opened at $114.26 on Friday. iShares U.S. Digital Infrastructure and Real Estate ETF has a 1-year low of $81.06 and a 1-year high of $133.05. The company has a 50 day moving average price of $121.91 and a 200 day moving average price of $103.95. The stock has a market capitalization of $451.33 million, a price-to-earnings ratio of 32.93 and a beta of 1.15.

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.