iShares Exponential Technologies ETF (NASDAQ:XT) Sees Unusually-High Trading Volume – What’s Next?

Shares of iShares Exponential Technologies ETF (NASDAQ:XT) saw an uptick in trading volume on Wednesday . 382,698 shares changed hands during mid-day trading, an increase of 230% from the previous session’s volume of 116,030 shares.The stock last traded at $62.38 and had previously closed at $61.78.

iShares Exponential Technologies ETF Stock Up 1.0 %

The stock has a 50 day simple moving average of $60.74 and a 200 day simple moving average of $59.46. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. MML Investors Services LLC boosted its position in shares of iShares Exponential Technologies ETF by 15.5% during the third quarter. MML Investors Services LLC now owns 90,552 shares of the company’s stock valued at $5,513,000 after buying an additional 12,163 shares during the last quarter. EP Wealth Advisors LLC boosted its position in iShares Exponential Technologies ETF by 12.8% in the third quarter. EP Wealth Advisors LLC now owns 7,015 shares of the company’s stock worth $427,000 after purchasing an additional 794 shares during the last quarter. Jane Street Group LLC boosted its position in iShares Exponential Technologies ETF by 639.8% in the third quarter. Jane Street Group LLC now owns 98,986 shares of the company’s stock worth $6,026,000 after purchasing an additional 85,606 shares during the last quarter. Stifel Financial Corp boosted its position in iShares Exponential Technologies ETF by 15.4% in the third quarter. Stifel Financial Corp now owns 5,097 shares of the company’s stock worth $310,000 after purchasing an additional 682 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in iShares Exponential Technologies ETF by 177.2% in the third quarter. Cerity Partners LLC now owns 13,396 shares of the company’s stock worth $816,000 after purchasing an additional 8,564 shares during 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.