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

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 79,200 shares, a growth of 50.0% from the February 28th total of 52,800 shares. Based on an average daily trading volume, of 161,300 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are short sold.

iShares Exponential Technologies ETF Stock Down 2.0 %

Shares of XT opened at $57.93 on Monday. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 26.07 and a beta of 1.02. The company’s fifty day moving average is $61.46 and its 200-day moving average is $60.85. iShares Exponential Technologies ETF has a 12 month low of $53.00 and a 12 month high of $64.26.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Several hedge funds have recently bought and sold shares of the business. Finley Financial LLC acquired a new position in iShares Exponential Technologies ETF during the fourth quarter valued at approximately $30,000. Park Square Financial Group LLC bought a new stake in shares of iShares Exponential Technologies ETF during the 4th quarter worth $42,000. Compass Planning Associates Inc acquired a new position in iShares Exponential Technologies ETF in the 4th quarter valued at $49,000. CoreCap Advisors LLC raised its holdings in iShares Exponential Technologies ETF by 41.7% in the 4th quarter. CoreCap Advisors LLC now owns 1,009 shares of the company’s stock worth $60,000 after acquiring an additional 297 shares during the period. Finally, West Oak Capital LLC lifted its position in iShares Exponential Technologies ETF by 260.3% during the 4th quarter. West Oak Capital LLC now owns 1,081 shares of the company’s stock worth $64,000 after acquiring an additional 781 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.