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

iShares Exponential Technologies ETF (NASDAQ:XT) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 30,400 shares, a decline of 88.2% from the November 30th total of 257,100 shares. Based on an average daily volume of 179,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On iShares Exponential Technologies ETF

Institutional investors and hedge funds have recently modified their holdings of the company. EQ LLC boosted its holdings in iShares Exponential Technologies ETF by 3.4% in the third quarter. EQ LLC now owns 4,921 shares of the company’s stock valued at $300,000 after purchasing an additional 164 shares during the last quarter. Sweeney & Michel LLC grew its stake in shares of iShares Exponential Technologies ETF by 0.8% during the 3rd quarter. Sweeney & Michel LLC now owns 35,823 shares of the company’s stock worth $2,184,000 after purchasing an additional 285 shares during the period. CWM LLC increased its holdings in shares of iShares Exponential Technologies ETF by 1.3% during the 3rd quarter. CWM LLC now owns 24,815 shares of the company’s stock valued at $1,511,000 after purchasing an additional 316 shares in the last quarter. Barrett & Company Inc. lifted its stake in shares of iShares Exponential Technologies ETF by 0.6% in the 3rd quarter. Barrett & Company Inc. now owns 88,220 shares of the company’s stock valued at $5,371,000 after purchasing an additional 484 shares during the period. Finally, Bank of Montreal Can boosted its holdings in iShares Exponential Technologies ETF by 2.9% during the second 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 Price Performance

Shares of XT opened at $61.10 on Thursday. The firm has a market capitalization of $3.51 billion, a PE ratio of 23.27 and a beta of 1.02. The company’s fifty day moving average price is $60.87 and its 200-day moving average price is $59.66. iShares Exponential Technologies ETF has a 1-year low of $53.00 and a 1-year high of $63.37.

iShares Exponential Technologies ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $0.2238 dividend. The ex-dividend date was Tuesday, December 17th.

About iShares Exponential Technologies ETF

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.