iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Stock Short Interest Rises 445.4%

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 12,337 shares, a growth of 445.4% from the October 15th total of 2,262 shares. Based on an average trading volume of 27,979 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are sold short.

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

NYSEARCA:IDGT traded up $4.18 during mid-day trading on Wednesday, reaching $107.52. The stock had a trading volume of 4,191 shares, compared to its average volume of 40,958. The firm has a market capitalization of $473.07 million, a price-to-earnings ratio of 17.68 and a beta of 1.20. iShares U.S. Digital Infrastructure and Real Estate ETF has a twelve month low of $82.45 and a twelve month high of $133.05. The business has a 50 day simple moving average of $112.00 and a 200 day simple moving average of $111.03.

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

A number of large investors have recently modified their holdings of the business. Continuum Advisory LLC purchased a new stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF in the second quarter valued at approximately $33,000. Farther Finance Advisors LLC grew its stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 159.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 480 shares of the company’s stock worth $54,000 after purchasing an additional 295 shares during the period. Parallel Advisors LLC grew its stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 33.3% during the 3rd quarter. Parallel Advisors LLC now owns 2,399 shares of the company’s stock worth $270,000 after purchasing an additional 599 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings 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 worth $456,000 after buying an additional 177 shares in the last quarter.

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.