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

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 35,600 shares, a drop of 23.9% from the August 31st total of 46,800 shares. Based on an average daily volume of 107,100 shares, the short-interest ratio is presently 0.3 days.

iShares Exponential Technologies ETF Stock Up 0.0 %

Shares of NASDAQ:XT opened at $60.96 on Friday. The firm has a market cap of $3.52 billion, a P/E ratio of 23.27 and a beta of 1.02. iShares Exponential Technologies ETF has a 12-month low of $48.10 and a 12-month high of $61.60. The business has a fifty day simple moving average of $58.34 and a 200 day simple moving average of $58.52.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of XT. Cetera Advisors LLC increased its holdings in iShares Exponential Technologies ETF by 7.6% in the first quarter. Cetera Advisors LLC now owns 3,856 shares of the company’s stock worth $230,000 after purchasing an additional 273 shares in the last quarter. MONECO Advisors LLC increased its stake in shares of iShares Exponential Technologies ETF by 4.8% in the 2nd quarter. MONECO Advisors LLC now owns 10,900 shares of the company’s stock valued at $641,000 after acquiring an additional 496 shares in the last quarter. Destiny Wealth Partners LLC lifted its position in shares of iShares Exponential Technologies ETF by 0.6% during the 1st quarter. Destiny Wealth Partners LLC now owns 83,221 shares of the company’s stock valued at $4,962,000 after acquiring an additional 525 shares during the period. Clear Investment Research LLC bought a new position in iShares Exponential Technologies ETF during the fourth quarter worth $32,000. Finally, Bank of Montreal Can grew its holdings in iShares Exponential Technologies ETF by 2.9% in the second quarter. Bank of Montreal Can now owns 21,527 shares of the company’s stock worth $1,267,000 after purchasing an additional 605 shares during the period.

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.