Global X Data Center & Digital Infrastructure ETF (NASDAQ:DTCR) Trading Up 1.1% – Still a Buy?

Shares of Global X Data Center & Digital Infrastructure ETF (NASDAQ:DTCR) rose 1.1% during mid-day trading on Wednesday . The company traded as high as $20.62 and last traded at $20.54. Approximately 242,751 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 266,804 shares. The stock had previously closed at $20.32.

Global X Data Center & Digital Infrastructure ETF Stock Up 1.1%

The stock has a fifty day simple moving average of $21.27 and a 200 day simple moving average of $19.49. The firm has a market capitalization of $576.97 million, a P/E ratio of 30.39 and a beta of 1.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. purchased a new stake in Global X Data Center & Digital Infrastructure ETF during the 3rd quarter valued at approximately $67,000. CoreCap Advisors LLC lifted its holdings in shares of Global X Data Center & Digital Infrastructure ETF by 1,295.2% in the third quarter. CoreCap Advisors LLC now owns 4,660 shares of the company’s stock worth $95,000 after buying an additional 4,326 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Global X Data Center & Digital Infrastructure ETF by 23.8% during the second quarter. SBI Securities Co. Ltd. now owns 6,428 shares of the company’s stock worth $120,000 after acquiring an additional 1,237 shares during the last quarter. Financial Freedom LLC grew its stake in Global X Data Center & Digital Infrastructure ETF by 132.4% during the second quarter. Financial Freedom LLC now owns 21,188 shares of the company’s stock valued at $395,000 after acquiring an additional 12,070 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Global X Data Center & Digital Infrastructure ETF by 26,670.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 44,706 shares of the company’s stock valued at $833,000 after acquiring an additional 44,539 shares during the last quarter.

About Global X Data Center & Digital Infrastructure ETF

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.