Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Expands By 932.4%

iShares Exponential Technologies ETF (NASDAQ:XT) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 38,200 shares, a growth of 932.4% from the January 31st total of 3,700 shares. Based on an average daily volume of 205,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On iShares Exponential Technologies ETF

Large investors have recently added to or reduced their stakes in the stock. Finley Financial LLC acquired a new stake in iShares Exponential Technologies ETF during the fourth quarter worth approximately $30,000. Compass Planning Associates Inc acquired a new stake in iShares Exponential Technologies ETF during the fourth quarter worth approximately $49,000. CoreCap Advisors LLC grew its position in 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 buying an additional 297 shares in the last quarter. First Horizon Advisors Inc. grew its position in iShares Exponential Technologies ETF by 7,907.7% during the third quarter. First Horizon Advisors Inc. now owns 1,041 shares of the company’s stock worth $63,000 after buying an additional 1,028 shares in the last quarter. Finally, Howe & Rusling Inc. acquired a new stake in iShares Exponential Technologies ETF during the fourth quarter worth approximately $64,000.

iShares Exponential Technologies ETF Trading Down 2.4 %

iShares Exponential Technologies ETF stock opened at $61.07 on Friday. iShares Exponential Technologies ETF has a 12 month low of $53.00 and a 12 month high of $64.26. The stock’s 50 day moving average is $61.60 and its 200-day moving average is $60.61. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 28.27 and a beta of 1.04.

iShares Exponential Technologies ETF Cuts Dividend

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

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.