Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Expands By 38.2%

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 52,800 shares, a growth of 38.2% from the February 13th total of 38,200 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 202,300 shares, the days-to-cover ratio is currently 0.3 days.

iShares Exponential Technologies ETF Stock Performance

Shares of XT stock opened at $59.81 on Monday. iShares Exponential Technologies ETF has a fifty-two week low of $53.00 and a fifty-two week high of $64.26. The company has a 50 day moving average price of $61.52 and a 200 day moving average price of $60.72. The stock has a market capitalization of $3.07 billion, a P/E ratio of 26.07 and a beta of 1.07.

iShares Exponential Technologies ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 30th were given a dividend of $0.0094 per share. The ex-dividend date was Monday, December 30th.

Institutional Trading of iShares Exponential Technologies ETF

Several hedge funds have recently modified their holdings of the stock. Finley Financial LLC acquired a new stake in iShares Exponential Technologies ETF in the fourth quarter valued at approximately $30,000. Park Square Financial Group LLC acquired a new stake in shares of iShares Exponential Technologies ETF in the 4th quarter valued at $42,000. Compass Planning Associates Inc purchased a new stake in shares of iShares Exponential Technologies ETF during the 4th quarter worth $49,000. CoreCap Advisors LLC grew its stake in shares of iShares Exponential Technologies ETF by 41.7% during the fourth quarter. CoreCap Advisors LLC now owns 1,009 shares of the company’s stock worth $60,000 after purchasing an additional 297 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in iShares Exponential Technologies ETF by 7,907.7% in the third quarter. First Horizon Advisors Inc. now owns 1,041 shares of the company’s stock valued at $63,000 after buying an additional 1,028 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.