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

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 79,200 shares, an increase of 50.0% from the February 28th total of 52,800 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 161,300 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On iShares Exponential Technologies ETF

Institutional investors have recently added to or reduced their stakes in the company. Finley Financial LLC acquired a new position in iShares Exponential Technologies ETF in the 4th quarter valued at approximately $30,000. Park Square Financial Group LLC acquired a new stake in shares of iShares Exponential Technologies ETF during the 4th quarter worth approximately $42,000. Compass Planning Associates Inc bought a new stake in shares of iShares Exponential Technologies ETF during the fourth quarter valued at approximately $49,000. CoreCap Advisors LLC raised its stake in shares of iShares Exponential Technologies ETF by 41.7% in the fourth quarter. CoreCap Advisors LLC now owns 1,009 shares of the company’s stock valued at $60,000 after purchasing an additional 297 shares in the last quarter. Finally, West Oak Capital LLC raised its stake in shares of iShares Exponential Technologies ETF by 260.3% in the fourth quarter. West Oak Capital LLC now owns 1,081 shares of the company’s stock valued at $64,000 after purchasing an additional 781 shares in the last quarter.

iShares Exponential Technologies ETF Stock Performance

NASDAQ:XT opened at $57.93 on Monday. The firm’s 50-day moving average is $61.46 and its 200-day moving average is $60.85. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 26.07 and a beta of 1.02. iShares Exponential Technologies ETF has a 52-week low of $53.00 and a 52-week high of $64.26.

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.