iShares Exponential Technologies ETF (NASDAQ:XT – Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 78,852 shares, an increase of 881.1% from the June 30th total of 8,037 shares. Based on an average daily volume of 69,977 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.2% of the shares of the stock are sold short.
Institutional Investors Weigh In On iShares Exponential Technologies ETF
Several institutional investors have recently added to or reduced their stakes in XT. Jane Street Group LLC increased its position in shares of iShares Exponential Technologies ETF by 946.8% in the first quarter. Jane Street Group LLC now owns 160,177 shares of the company’s stock valued at $9,220,000 after acquiring an additional 144,876 shares during the period. Quantinno Capital Management LP purchased a new stake in shares of iShares Exponential Technologies ETF during the second quarter worth about $356,000. Strategic Wealth Investment Group LLC bought a new stake in shares of iShares Exponential Technologies ETF in the second quarter worth about $135,000. Ameriprise Financial Inc. grew its stake in shares of iShares Exponential Technologies ETF by 143.6% in the second quarter. Ameriprise Financial Inc. now owns 641,593 shares of the company’s stock worth $41,912,000 after purchasing an additional 378,264 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its holdings in iShares Exponential Technologies ETF by 683.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 824,495 shares of the company’s stock valued at $53,798,000 after purchasing an additional 719,245 shares during the period.
iShares Exponential Technologies ETF Stock Performance
XT opened at $78.74 on Monday. The stock has a market capitalization of $3.78 billion, a P/E ratio of 26.41 and a beta of 1.13. The stock has a 50-day moving average price of $81.37 and a 200-day moving average price of $75.48. iShares Exponential Technologies ETF has a 12-month low of $64.66 and a 12-month high of $84.23.
iShares Exponential Technologies ETF Dividend Announcement
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. XT was launched on Mar 19, 2015 and is managed by BlackRock.
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