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

iShares Exponential Technologies ETF (NASDAQ:XT) saw a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 3,089 shares, a decrease of 89.0% from the October 15th total of 28,128 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 59,790 shares, the short-interest ratio is currently 0.1 days.

iShares Exponential Technologies ETF Stock Up 1.3%

XT opened at $83.35 on Thursday. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 30.37 and a beta of 1.16. iShares Exponential Technologies ETF has a 52-week low of $65.47 and a 52-week high of $85.85. The firm’s fifty day simple moving average is $83.04 and its two-hundred day simple moving average is $78.43.

Institutional Investors Weigh In On iShares Exponential Technologies ETF

Several large investors have recently bought and sold shares of XT. Susquehanna International Group LLP purchased a new position in shares of iShares Exponential Technologies ETF in the second quarter valued at approximately $1,744,000. WNY Asset Management LLC purchased a new stake in shares of iShares Exponential Technologies ETF during the first quarter worth approximately $513,000. Wealthcare Advisory Partners LLC increased its position in shares of iShares Exponential Technologies ETF by 3.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 264,664 shares of the company’s stock worth $21,869,000 after purchasing an additional 8,816 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of iShares Exponential Technologies ETF by 8.5% during the first quarter. Kestra Advisory Services LLC now owns 107,352 shares of the company’s stock worth $7,316,000 after purchasing an additional 8,410 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in iShares Exponential Technologies ETF in the 2nd quarter valued at $588,000.

About iShares Exponential Technologies ETF

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.