iShares Exponential Technologies ETF (NASDAQ:XT) Sees Unusually-High Trading Volume – Here’s Why

iShares Exponential Technologies ETF (NASDAQ:XT) shares saw an uptick in trading volume on Wednesday . 206,638 shares traded hands during trading, an increase of 87% from the previous session’s volume of 110,291 shares.The stock last traded at $62.50 and had previously closed at $61.95.

iShares Exponential Technologies ETF Price Performance

The business’s 50 day moving average is $60.59 and its 200-day moving average is $59.36. The company has a market cap of $3.60 billion, a PE ratio of 23.27 and a beta of 1.02.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

A number of institutional investors have recently modified their holdings of XT. First Horizon Advisors Inc. raised its position in iShares Exponential Technologies ETF by 7,907.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,041 shares of the company’s stock worth $63,000 after buying an additional 1,028 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of iShares Exponential Technologies ETF in the 2nd quarter valued at about $65,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of iShares Exponential Technologies ETF in the 2nd quarter valued at about $104,000. Crestwood Advisors Group LLC purchased a new position in shares of iShares Exponential Technologies ETF in the 3rd quarter valued at about $212,000. Finally, Graypoint LLC purchased a new position in shares of iShares Exponential Technologies ETF in the 2nd quarter valued at about $220,000.

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.