iShares Exponential Technologies ETF (NASDAQ:XT) Short Interest Up 1,040.7% in December

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 265,782 shares, an increase of 1,040.7% from the December 15th total of 23,300 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 173,670 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily volume of 173,670 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.5% of the company’s stock are short sold.

iShares Exponential Technologies ETF Stock Up 0.4%

iShares Exponential Technologies ETF stock traded up $0.30 during mid-day trading on Monday, hitting $72.49. The company had a trading volume of 112,300 shares, compared to its average volume of 68,645. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 26.41 and a beta of 1.10. iShares Exponential Technologies ETF has a 1 year low of $49.01 and a 1 year high of $76.29. The business has a fifty day moving average of $72.61 and a 200 day moving average of $70.42.

iShares Exponential Technologies ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $5.3322 per share. The ex-dividend date was Tuesday, December 16th. This represents a dividend yield of 1,542.0%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new position in iShares Exponential Technologies ETF during the 2nd quarter worth $25,000. Horizon Investments LLC acquired a new stake in shares of iShares Exponential Technologies ETF during the third quarter worth about $33,000. Kilter Group LLC purchased a new position in shares of iShares Exponential Technologies ETF during the second quarter worth about $51,000. CoreCap Advisors LLC grew its holdings in shares of iShares Exponential Technologies ETF by 64.0% during the third quarter. CoreCap Advisors LLC now owns 751 shares of the company’s stock worth $54,000 after buying an additional 293 shares during the last quarter. Finally, IFP Advisors Inc increased its position in iShares Exponential Technologies ETF by 25.1% in the 3rd quarter. IFP Advisors Inc now owns 953 shares of the company’s stock valued at $68,000 after acquiring an additional 191 shares during the period.

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.