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

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 56,000 shares, a growth of 84.2% from the December 15th total of 30,400 shares. Based on an average trading volume of 182,600 shares, the short-interest ratio is currently 0.3 days.

iShares Exponential Technologies ETF Stock Down 0.2 %

iShares Exponential Technologies ETF stock opened at $59.15 on Tuesday. iShares Exponential Technologies ETF has a twelve month low of $53.00 and a twelve month high of $63.37. The company has a market capitalization of $3.18 billion, a P/E ratio of 23.27 and a beta of 1.02. The stock’s 50 day moving average is $60.90 and its 200 day moving average is $59.78.

iShares Exponential Technologies ETF Cuts Dividend

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

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Pallas Capital Advisors LLC lifted its stake in shares of iShares Exponential Technologies ETF by 1.6% in the fourth quarter. Pallas Capital Advisors LLC now owns 21,006 shares of the company’s stock worth $1,253,000 after buying an additional 324 shares in the last quarter. West Oak Capital LLC lifted its position in iShares Exponential Technologies ETF by 260.3% in the 4th quarter. West Oak Capital LLC now owns 1,081 shares of the company’s stock valued at $64,000 after acquiring an additional 781 shares in the last quarter. MML Investors Services LLC lifted its position in iShares Exponential Technologies ETF by 15.5% in the 3rd quarter. MML Investors Services LLC now owns 90,552 shares of the company’s stock valued at $5,513,000 after acquiring an additional 12,163 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in iShares Exponential Technologies ETF by 12.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 7,015 shares of the company’s stock valued at $427,000 after purchasing an additional 794 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of iShares Exponential Technologies ETF by 639.8% in the 3rd quarter. Jane Street Group LLC now owns 98,986 shares of the company’s stock worth $6,026,000 after purchasing an additional 85,606 shares in the last quarter.

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.