Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Expands By 893.9%

iShares Exponential Technologies ETF (NASDAQ:XT) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 32,800 shares, a growth of 893.9% from the August 15th total of 3,300 shares. Based on an average trading volume of 90,800 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 90,800 shares, the short-interest ratio is currently 0.4 days.

iShares Exponential Technologies ETF Stock Performance

Shares of NASDAQ:XT opened at $69.38 on Friday. The company has a 50-day simple moving average of $67.01 and a 200-day simple moving average of $62.31. iShares Exponential Technologies ETF has a one year low of $49.01 and a one year high of $69.88. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 26.41 and a beta of 1.02.

Institutional Investors Weigh In On iShares Exponential Technologies ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of iShares Exponential Technologies ETF by 179.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,020 shares of the company’s stock valued at $1,623,000 after buying an additional 18,000 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of iShares Exponential Technologies ETF by 22.0% in the first quarter. Cerity Partners LLC now owns 18,007 shares of the company’s stock valued at $1,037,000 after buying an additional 3,250 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of iShares Exponential Technologies ETF by 46.6% in the first quarter. Farther Finance Advisors LLC now owns 7,891 shares of the company’s stock valued at $454,000 after buying an additional 2,510 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of iShares Exponential Technologies ETF by 144.2% in the fourth quarter. Citadel Advisors LLC now owns 44,671 shares of the company’s stock valued at $2,665,000 after buying an additional 26,380 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of iShares Exponential Technologies ETF by 2.7% in the first quarter. Baird Financial Group Inc. now owns 270,134 shares of the company’s stock valued at $15,549,000 after buying an additional 7,210 shares during the last quarter.

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.