iShares Exponential Technologies ETF (NASDAQ:XT) Sees Large Drop in Short Interest

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totalling 35,600 shares, a decrease of 23.9% from the August 31st total of 46,800 shares. Based on an average daily volume of 107,100 shares, the days-to-cover ratio is presently 0.3 days.

iShares Exponential Technologies ETF Stock Up 0.0 %

Shares of NASDAQ:XT opened at $60.96 on Friday. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02. iShares Exponential Technologies ETF has a 12 month low of $48.10 and a 12 month high of $61.60. The company’s fifty day simple moving average is $58.34 and its 200 day simple moving average is $58.52.

Institutional Trading of iShares Exponential Technologies ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in iShares Exponential Technologies ETF during the 2nd quarter worth approximately $349,000. Truist Financial Corp boosted its holdings in iShares Exponential Technologies ETF by 1.5% during the second quarter. Truist Financial Corp now owns 70,060 shares of the company’s stock worth $4,122,000 after purchasing an additional 1,036 shares during the last quarter. Creative Planning grew its position in iShares Exponential Technologies ETF by 19.2% in the second quarter. Creative Planning now owns 8,453 shares of the company’s stock valued at $497,000 after purchasing an additional 1,361 shares in the last quarter. Daymark Wealth Partners LLC increased its stake in iShares Exponential Technologies ETF by 1.1% in the 2nd quarter. Daymark Wealth Partners LLC now owns 85,428 shares of the company’s stock valued at $5,026,000 after buying an additional 949 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in iShares Exponential Technologies ETF by 2.9% during the 2nd quarter. Bank of Montreal Can now owns 21,527 shares of the company’s stock worth $1,267,000 after buying an additional 605 shares in the last quarter.

iShares Exponential Technologies ETF Company Profile

The iShares Exponential Technologies ETF (XT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index that provides exposure to firms from developed and emerging markets, which create or use exponential technologies as defined by Morningstar.