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

Global X Data Center & Digital Infrastructure ETF (NASDAQ:DTCR) saw an uptick in trading volume on Tuesday . Approximately 1,760,066 shares changed hands during mid-day trading, an increase of 84% from the previous session’s volume of 954,304 shares.The stock last traded at $31.61 and had previously closed at $31.92.

Global X Data Center & Digital Infrastructure ETF Stock Performance

The firm has a market capitalization of $1.86 billion, a P/E ratio of 30.39 and a beta of 1.16. The stock’s 50 day simple moving average is $29.60 and its 200 day simple moving average is $25.69.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arkadios Wealth Advisors increased its holdings in Global X Data Center & Digital Infrastructure ETF by 5.3% during the 1st quarter. Arkadios Wealth Advisors now owns 14,788 shares of the company’s stock worth $354,000 after purchasing an additional 745 shares during the period. S. R. Schill & Associates purchased a new stake in shares of Global X Data Center & Digital Infrastructure ETF in 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 worth $1,401,000. Janney Montgomery Scott LLC grew its position in shares of Global X Data Center & Digital Infrastructure ETF by 38.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,577 shares of the company’s stock worth $421,000 after buying an additional 4,871 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its position in shares of Global X Data Center & Digital Infrastructure ETF by 112.8% during the 1st quarter. AdvisorNet Financial Inc now owns 11,595 shares of the company’s stock worth $278,000 after buying an additional 6,145 shares in the last quarter.

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.