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

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

iShares Exponential Technologies ETF Price Performance

Shares of NASDAQ XT opened at $59.17 on Friday. The business has a fifty day moving average price of $60.02 and a two-hundred day moving average price of $59.09. The stock has a market capitalization of $3.40 billion, a PE ratio of 23.27 and a beta of 1.02. iShares Exponential Technologies ETF has a fifty-two week low of $53.00 and a fifty-two week high of $61.87.

Institutional Trading of iShares Exponential Technologies ETF

Several institutional investors and hedge funds have recently modified their holdings of XT. First Horizon Advisors Inc. lifted its stake in 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 acquired a new position in shares of iShares Exponential Technologies ETF during the second quarter worth $65,000. Ashton Thomas Private Wealth LLC bought a new position in shares of iShares Exponential Technologies ETF in the 2nd quarter valued at $104,000. Crestwood Advisors Group LLC acquired a new stake in shares of iShares Exponential Technologies ETF during the 3rd quarter valued at $212,000. Finally, Graypoint LLC bought a new stake in iShares Exponential Technologies ETF during the 2nd quarter worth $220,000.

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.