Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Drops By 59.3%
by Scott Moore · The Cerbat GemiShares Exponential Technologies ETF (NASDAQ:XT – Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 31,269 shares, a drop of 59.3% from the April 15th total of 76,905 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 76,035 shares, the short-interest ratio is presently 0.4 days.
iShares Exponential Technologies ETF Trading Down 1.5%
Shares of iShares Exponential Technologies ETF stock traded down $1.24 during midday trading on Friday, reaching $79.53. The company had a trading volume of 43,161 shares, compared to its average volume of 116,969. The stock has a fifty day simple moving average of $72.27 and a 200 day simple moving average of $72.48. iShares Exponential Technologies ETF has a 1-year low of $60.37 and a 1-year high of $80.99. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 26.41 and a beta of 1.12.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of XT. Jane Street Group LLC increased its holdings in iShares Exponential Technologies ETF by 946.8% in the 1st quarter. Jane Street Group LLC now owns 160,177 shares of the company’s stock worth $9,220,000 after purchasing an additional 144,876 shares in the last quarter. Quantinno Capital Management LP purchased a new position in iShares Exponential Technologies ETF during the second quarter worth about $356,000. Strategic Wealth Investment Group LLC bought a new stake in iShares Exponential Technologies ETF in the second quarter worth about $135,000. Ameriprise Financial Inc. raised its position in iShares Exponential Technologies ETF by 143.6% in the second quarter. Ameriprise Financial Inc. now owns 641,593 shares of the company’s stock worth $41,912,000 after acquiring an additional 378,264 shares during the period. Finally, Orion Porfolio Solutions LLC raised its position in iShares Exponential Technologies ETF by 683.4% in the second quarter. Orion Porfolio Solutions LLC now owns 824,495 shares of the company’s stock worth $53,798,000 after acquiring an additional 719,245 shares during the period.
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. XT was launched on Mar 19, 2015 and is managed by BlackRock.