iShares Exponential Technologies ETF (NASDAQ:XT – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 22,393 shares, a decline of 73.6% from the September 15th total of 84,859 shares. Based on an average daily volume of 66,405 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.
Hedge Funds Weigh In On iShares Exponential Technologies ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rockland Trust Co. bought a new stake in shares of iShares Exponential Technologies ETF in the 3rd quarter worth $221,000. Corient Private Wealth LP lifted its holdings in shares of iShares Exponential Technologies ETF by 7.2% in the second quarter. Corient Private Wealth LP now owns 8,281 shares of the company’s stock valued at $684,000 after buying an additional 557 shares during the period. HighTower Advisors LLC boosted its stake in iShares Exponential Technologies ETF by 7.8% during the second quarter. HighTower Advisors LLC now owns 18,949 shares of the company’s stock valued at $1,566,000 after buying an additional 1,363 shares in the last quarter. Wedmont Private Capital bought a new position in iShares Exponential Technologies ETF during the second quarter valued at about $231,000. Finally, Widmann Financial Services Inc. bought a new position in iShares Exponential Technologies ETF during the second quarter valued at about $204,000.
iShares Exponential Technologies ETF Stock Performance
Shares of NASDAQ:XT traded down $0.38 during trading hours on Tuesday, hitting $84.06. The stock had a trading volume of 36,292 shares, compared to its average volume of 97,989. The stock’s fifty day simple moving average is $82.88 and its 200 day simple moving average is $79.83. iShares Exponential Technologies ETF has a 1-year low of $65.47 and a 1-year high of $85.85. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 26.41 and a beta of 1.14.
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. XT was launched on Mar 19, 2015 and is managed by BlackRock.
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