Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Global X Data Center & Digital Infrastructure ETF (DTCR) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Global X Data Center & Digital Infrastructure ETF (DTCR) - free report >>
Image: Bigstock
Data Center REIT ETF (DTCR) Hit a 52-Week High
For investors seeking momentum, Global X Data Center & Digital Infrastructure ETF (DTCR - Free Report) is probably on the radar. The exchange traded fund (ETF) just hit a 52-week high and is up 41% from its 52-week low price of $11.86/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
DTCR ETF in Focus
The underlying Solactive Data Center REITs & Digital Infrastructure Index seeks to provide exposure to companies that have business operations in the fields of data centers, cellular towers and digital infrastructure hardware. The product charges 50 bps in annual fees.
Why the Move?
The demand for data center REITs has increased in recent years, thanks to the rapid growth of cloud computing, artificial intelligence, and heavy reliance on digital infrastructure. Data center REITs, which own and manage facilities that house servers and networking equipment, are positioned to take advantage of the digital transformation. Plus, high probability of a Fed rate cut this month is a plus for the segment.
More Gains Ahead?
Currently, DTCR ETF it might continue its strong performance in the near term, with a positive weighted alpha of 27.45 (per barchart.com), which gives cues of a further rally.