iShares Exponential Technologies ETF (NASDAQ:XT) Sees Significant Growth in Short Interest

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 79,200 shares, a growth of 50.0% from the February 28th total of 52,800 shares. Based on an average trading volume of 161,300 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

iShares Exponential Technologies ETF Stock Down 0.6 %

Shares of iShares Exponential Technologies ETF stock opened at $57.56 on Tuesday. The company has a 50 day moving average price of $61.38 and a 200 day moving average price of $60.85. The firm has a market capitalization of $3.04 billion, a P/E ratio of 26.07 and a beta of 1.02. iShares Exponential Technologies ETF has a 52 week low of $53.00 and a 52 week high of $64.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in XT. Finley Financial LLC purchased a new position in shares of iShares Exponential Technologies ETF in the fourth quarter worth about $30,000. Park Square Financial Group LLC purchased a new position in shares of iShares Exponential Technologies ETF during the 4th quarter valued at about $42,000. Compass Planning Associates Inc acquired a new position in shares of iShares Exponential Technologies ETF in the 4th quarter valued at about $49,000. CoreCap Advisors LLC boosted its stake in shares of iShares Exponential Technologies ETF by 41.7% in the fourth quarter. CoreCap Advisors LLC now owns 1,009 shares of the company’s stock worth $60,000 after buying an additional 297 shares during the last quarter. Finally, West Oak Capital LLC grew its holdings in iShares Exponential Technologies ETF by 260.3% during the fourth quarter. West Oak Capital LLC now owns 1,081 shares of the company’s stock worth $64,000 after acquiring an additional 781 shares during the period.

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.