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

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 15,262 shares, a decline of 84.8% from the June 30th total of 100,168 shares. Based on an average daily volume of 35,184 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the company’s stock are short sold.

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

A number of institutional investors have recently added to or reduced their stakes in IDGT. Sunbelt Securities Inc. grew its stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% during the third 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. Captrust Financial Advisors acquired a new position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF in the second quarter worth about $223,000. Finally, Janney Montgomery Scott LLC boosted its holdings 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 purchasing an additional 177 shares during the last quarter.

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

Shares of IDGT stock traded down $1.80 on Monday, hitting $112.50. The stock had a trading volume of 8,724 shares, compared to its average volume of 39,817. The firm has a market capitalization of $478.12 million, a price-to-earnings ratio of 32.93 and a beta of 1.15. The stock’s 50 day moving average is $121.09 and its 200-day moving average is $107.38. iShares U.S. Digital Infrastructure and Real Estate ETF has a 52-week low of $81.12 and a 52-week high of $133.05.

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.