iShares Exponential Technologies ETF (NASDAQ:XT) Sees Significant Decrease in Short Interest

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 22,393 shares, a drop of 73.6% from the September 15th total of 84,859 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 66,405 shares, the short-interest ratio is presently 0.3 days.

iShares Exponential Technologies ETF Trading Down 0.5%

NASDAQ:XT traded down $0.46 during trading hours on Monday, hitting $84.59. 11,706 shares of the stock traded hands, compared to its average volume of 98,119. The firm has a 50 day moving average price of $82.80 and a 200 day moving average price of $79.71. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 26.41 and a beta of 1.14. iShares Exponential Technologies ETF has a fifty-two week low of $65.47 and a fifty-two week high of $85.85.

Institutional Investors Weigh In On iShares Exponential Technologies ETF

Institutional investors have recently bought and sold shares of the business. Rockland Trust Co. acquired a new position in shares of iShares Exponential Technologies ETF in the third quarter worth $221,000. Corient Private Wealth LP raised its holdings in shares of iShares Exponential Technologies ETF by 7.2% during the second quarter. Corient Private Wealth LP now owns 8,281 shares of the company’s stock worth $684,000 after acquiring an additional 557 shares in the last quarter. HighTower Advisors LLC boosted its position in iShares Exponential Technologies ETF by 7.8% during the second quarter. HighTower Advisors LLC now owns 18,949 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,363 shares during the last quarter. Wedmont Private Capital acquired a new stake in iShares Exponential Technologies ETF during the second quarter valued at $231,000. Finally, Widmann Financial Services Inc. acquired a new stake in iShares Exponential Technologies ETF during the second quarter valued at $204,000.

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.