Franklin Exponential Data ETF (BATS:XDAT) Sees Large Growth in Short Interest

Franklin Exponential Data ETF (BATS:XDAT) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 515 shares, an increase of 144.1% from the July 30th total of 211 shares. Based on an average daily volume of 804 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Trading of Franklin Exponential Data ETF

A hedge fund recently raised its position in Franklin Exponential Data ETF stock. Truist Financial Corp grew its stake in shares of Franklin Exponential Data ETF (BATS:XDAT) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,303 shares of the company’s stock after acquiring an additional 2,566 shares during the period. Truist Financial Corp owned about 20.87% of Franklin Exponential Data ETF worth $809,000 at the end of the most recent quarter.

Franklin Exponential Data ETF Stock Up 4.8%

XDAT stock opened at $27.22 on Friday. Franklin Exponential Data ETF has a 52-week low of $20.15 and a 52-week high of $28.78. The stock’s 50 day moving average is $25.33 and its two-hundred day moving average is $23.73. The company has a market capitalization of $4.08 million, a PE ratio of 45.15 and a beta of 1.11.

About Franklin Exponential Data ETF

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. XDAT was launched on Jan 12, 2021 and is managed by Franklin Templeton.