Franklin Exponential Data ETF (BATS:XDAT) Stock Price Down 19.8% – Here’s What Happened

Shares of Franklin Exponential Data ETF (BATS:XDAT) dropped 19.8% during mid-day trading on Wednesday . The stock traded as low as $27.52 and last traded at $22.14. Approximately 1,655 shares were traded during trading, a decline of 6% from the average daily volume of 1,755 shares. The stock had previously closed at $27.59.

Franklin Exponential Data ETF Trading Down 19.8 %

The firm has a 50-day moving average price of $23.92 and a 200-day moving average price of $25.09. The company has a market capitalization of $4.43 million, a price-to-earnings ratio of 36.04 and a beta of 1.07.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Franklin Exponential Data ETF stock. Truist Financial Corp grew its holdings in shares of Franklin Exponential Data ETF (BATS:XDAT) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,562 shares of the company’s stock after purchasing an additional 684 shares during the period. Truist Financial Corp owned approximately 7.19% of Franklin Exponential Data ETF worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

About Franklin Exponential Data ETF

The Franklin Exponential Data ETF (XDAT) is an exchange-traded fund that mostly invests in information technology equity. The fund is actively-managed to invest in global companies believed to benefit from or facilitate Big Data and its applications such as AI, augmented and virtual reality, software-as-a-service, and personalized advertising and healthcare.