iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Shares Shorted: Short Interest Down 84.9% in September

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,425 shares, a drop of 84.9% from the September 15th total of 16,100 shares. Based on an average daily volume of 24,451 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On iShares U.S. Digital Infrastructure and Real Estate ETF

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its holdings in iShares U.S. Digital Infrastructure and Real Estate ETF by 159.5% in the third quarter. Farther Finance Advisors LLC now owns 480 shares of the company’s stock valued at $54,000 after purchasing an additional 295 shares during the period. Continuum Advisory LLC acquired a new position in iShares U.S. Digital Infrastructure and Real Estate ETF during the 2nd quarter worth $33,000. Finally, Janney Montgomery Scott LLC grew its stake in iShares U.S. Digital Infrastructure and Real Estate ETF by 3.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,667 shares of the company’s stock worth $456,000 after purchasing an additional 177 shares in the last quarter.

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

Shares of NYSEARCA IDGT traded up $4.82 during midday trading on Friday, hitting $120.37. The company’s stock had a trading volume of 17,827 shares, compared to its average volume of 35,130. The firm has a market capitalization of $547.68 million, a price-to-earnings ratio of 32.93 and a beta of 1.17. The business’s fifty day simple moving average is $116.16 and its two-hundred day simple moving average is $116.29. 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.

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.