iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT – Get Free Report) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 12,337 shares, an increase of 445.4% from the October 15th total of 2,262 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 27,979 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Investors Weigh In On iShares U.S. Digital Infrastructure and Real Estate ETF
Several institutional investors and hedge funds have recently made changes to their positions in IDGT. Parallel Advisors LLC grew its stake in iShares U.S. Digital Infrastructure and Real Estate ETF by 33.3% in the 3rd quarter. Parallel Advisors LLC now owns 2,399 shares of the company’s stock valued at $270,000 after acquiring an additional 599 shares during the last quarter. Farther Finance Advisors LLC raised its position in iShares U.S. Digital Infrastructure and Real Estate ETF by 159.5% during the third quarter. Farther Finance Advisors LLC now owns 480 shares of the company’s stock worth $54,000 after acquiring an additional 295 shares during the last quarter. Continuum Advisory LLC acquired a new position in iShares U.S. Digital Infrastructure and Real Estate ETF during the second quarter worth about $33,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of 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 in the last quarter.
iShares U.S. Digital Infrastructure and Real Estate ETF Price Performance
iShares U.S. Digital Infrastructure and Real Estate ETF stock traded up $4.18 during trading hours on Wednesday, hitting $107.52. The stock had a trading volume of 4,191 shares, compared to its average volume of 40,958. The stock 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 1-year low of $82.45 and a 1-year high of $133.05. The stock’s fifty day moving average is $112.00 and its two-hundred day moving average is $111.03.
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.
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