Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Increases By 21.9%

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 77,900 shares, an increase of 21.9% from the October 15th total of 63,900 shares. Based on an average trading volume of 96,100 shares, the short-interest ratio is presently 0.8 days.

iShares Exponential Technologies ETF Trading Down 1.7 %

XT stock opened at $59.17 on Friday. The firm has a 50-day moving average of $59.97 and a two-hundred day moving average of $59.07. iShares Exponential Technologies ETF has a one year low of $53.00 and a one year high of $61.87. The firm has a market capitalization of $3.40 billion, a PE ratio of 23.27 and a beta of 1.02.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

A number of hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its stake in shares of iShares Exponential Technologies ETF by 7,907.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,041 shares of the company’s stock valued at $63,000 after purchasing an additional 1,028 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in iShares Exponential Technologies ETF during the second quarter valued at about $65,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of iShares Exponential Technologies ETF in the second quarter worth about $104,000. Crestwood Advisors Group LLC bought a new stake in shares of iShares Exponential Technologies ETF during the 3rd quarter worth about $212,000. Finally, Graypoint LLC acquired a new position in shares of iShares Exponential Technologies ETF during the 2nd quarter valued at about $220,000.

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.