Global X Data Center & Digital Infrastructure ETF (NASDAQ:DTCR) Sees Large Volume Increase – Still a Buy?

Global X Data Center & Digital Infrastructure ETF (NASDAQ:DTCR) shares saw unusually-strong trading volume on Thursday . 8,900,590 shares were traded during trading, an increase of 701% from the previous session’s volume of 1,111,312 shares.The stock last traded at $28.35 and had previously closed at $29.49.

Global X Data Center & Digital Infrastructure ETF Trading Down 4.4%

The firm has a market cap of $1.64 billion, a PE ratio of 30.39 and a beta of 1.16. The business has a fifty day moving average price of $30.47 and a 200 day moving average price of $26.38.

Global X Data Center & Digital Infrastructure ETF Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th will be issued a dividend of $0.1125 per share. The ex-dividend date of this dividend is Monday, June 29th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. S. R. Schill & Associates acquired a new stake in Global X Data Center & Digital Infrastructure ETF during the 1st quarter worth $4,549,000. Ascentis Independent Advisors purchased a new stake in shares of Global X Data Center & Digital Infrastructure ETF in the 1st quarter valued at about $1,401,000. Flow Traders U.S. LLC lifted its holdings in shares of Global X Data Center & Digital Infrastructure ETF by 99.2% in the 3rd quarter. Flow Traders U.S. LLC now owns 93,694 shares of the company’s stock valued at $1,919,000 after purchasing an additional 46,658 shares during the last quarter. Financial Freedom LLC boosted its position in shares of Global X Data Center & Digital Infrastructure ETF by 29.0% in the 4th quarter. Financial Freedom LLC now owns 163,522 shares of the company’s stock valued at $3,450,000 after purchasing an additional 36,714 shares during the period. Finally, High Point Wealth Management LLC acquired a new stake in shares of Global X Data Center & Digital Infrastructure ETF in the 4th quarter valued at about $352,000.

Global X Data Center & Digital Infrastructure ETF Company Profile

The Global X Data Center And Digital Infrastructure ETF (DTCR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market-cap-weighted index of global equities involved in data center REITs and related digital infrastructure companies. DTCR was launched on Oct 27, 2020 and is issued by Global X.