Franklin Exponential Data ETF (BATS:XDAT) Shares Down 9.2% – Here’s What Happened

Franklin Exponential Data ETF (BATS:XDAT)’s stock price dropped 9.2% on Friday . The stock traded as low as $28.7298 and last traded at $26.01. Approximately 351 shares traded hands during trading, a decline of 74% from the average daily volume of 1,369 shares. The stock had previously closed at $28.6455.

Franklin Exponential Data ETF Stock Performance

The company has a market capitalization of $3.90 million, a price-to-earnings ratio of 45.15 and a beta of 1.11. The business’s 50-day simple moving average is $27.35 and its 200-day simple moving average is $26.89.

Hedge Funds Weigh In On Franklin Exponential Data ETF

A hedge fund recently raised its stake in Franklin Exponential Data ETF stock. Harbour Investments Inc. boosted its holdings in shares of Franklin Exponential Data ETF (BATS:XDAT) by 154.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,105 shares of the company’s stock after acquiring an additional 3,102 shares during the period. Harbour Investments Inc. owned 2.55% of Franklin Exponential Data ETF worth $115,000 as of its most recent filing with the SEC.

Franklin Exponential Data ETF Company Profile

The Franklin Exponential Data ETF (XDAT) is an exchange-traded fund that mostly invests in information technology equity. The fund is actively-managed to invest in global companies believed to benefit from or facilitate Big Data and its applications such as AI, augmented and virtual reality, software-as-a-service, and personalized advertising and healthcare.