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

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

Hedge Funds Weigh In On iShares Exponential Technologies ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Finley Financial LLC purchased a new position in iShares Exponential Technologies ETF during the fourth quarter valued at approximately $30,000. First Horizon Advisors Inc. grew its stake 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 valued at $63,000 after acquiring an additional 1,028 shares in the last quarter. West Oak Capital LLC grew its stake in iShares Exponential Technologies ETF by 260.3% during the fourth 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. Allworth Financial LP grew its stake in iShares Exponential Technologies ETF by 62.7% during the fourth quarter. Allworth Financial LP now owns 1,878 shares of the company’s stock valued at $117,000 after acquiring an additional 724 shares in the last quarter. Finally, Financial Life Planners purchased a new position in iShares Exponential Technologies ETF during the fourth quarter valued at approximately $164,000.

iShares Exponential Technologies ETF Stock Performance

XT opened at $62.32 on Friday. The firm has a market cap of $3.30 billion, a P/E ratio of 23.27 and a beta of 1.02. The firm has a 50-day moving average of $61.14 and a 200 day moving average of $59.93. iShares Exponential Technologies ETF has a fifty-two week low of $53.00 and a fifty-two week high of $63.37.

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 of this dividend was Monday, December 30th.

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.