Franklin Exponential Data ETF (BATS:XDAT) Shares Shorted: Short Interest Up 204.4% in September

Franklin Exponential Data ETF (BATS:XDAT) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 1,303 shares, an increase of 204.4% from the August 31st total of 428 shares. Based on an average trading volume of 701 shares, the short-interest ratio is presently 1.9 days. Approximately 0.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On Franklin Exponential Data ETF

A hedge fund recently raised its position in Franklin Exponential Data ETF stock. Citadel Advisors LLC increased its stake in shares of Franklin Exponential Data ETF (BATS:XDAT) by 7.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,544 shares of the company’s stock after buying an additional 1,181 shares during the quarter. Citadel Advisors LLC owned about 11.70% of Franklin Exponential Data ETF worth $438,000 at the end of the most recent reporting period.

Franklin Exponential Data ETF Trading Down 1.6%

XDAT stock opened at $28.06 on Friday. The company has a market cap of $4.21 million, a price-to-earnings ratio of 45.15 and a beta of 1.11. Franklin Exponential Data ETF has a 12 month low of $20.15 and a 12 month high of $28.78. The firm has a 50-day moving average of $26.24 and a two-hundred day moving average of $24.48.

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