iShares Exponential Technologies ETF (NASDAQ:XT) Sees Large Increase in Short Interest

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 63,900 shares, an increase of 66.0% from the September 30th total of 38,500 shares. Based on an average trading volume of 106,900 shares, the short-interest ratio is presently 0.6 days.

iShares Exponential Technologies ETF Stock Performance

Shares of XT opened at $60.16 on Monday. iShares Exponential Technologies ETF has a 52-week low of $48.10 and a 52-week high of $61.60. The firm has a market cap of $3.46 billion, a PE ratio of 23.27 and a beta of 1.02. The business’s 50 day moving average price is $59.60 and its two-hundred day moving average price is $58.69.

Institutional Trading of iShares Exponential Technologies ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new stake in iShares Exponential Technologies ETF in the 2nd quarter valued at $65,000. Ashton Thomas Private Wealth LLC bought a new stake in iShares Exponential Technologies ETF during the 2nd quarter valued at $104,000. Graypoint LLC purchased a new stake in shares of iShares Exponential Technologies ETF during the second quarter worth $220,000. Cetera Advisors LLC boosted its holdings in shares of iShares Exponential Technologies ETF by 7.6% in the first quarter. Cetera Advisors LLC now owns 3,856 shares of the company’s stock worth $230,000 after acquiring an additional 273 shares during the period. Finally, CFO4Life Group LLC bought a new position in shares of iShares Exponential Technologies ETF in the first quarter worth $235,000.

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.