Franklin Exponential Data ETF (BATS:XDAT) Short Interest Down 75.0% in April

Franklin Exponential Data ETF (BATS:XDAT) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 11 shares, a drop of 75.0% from the April 15th total of 44 shares. Based on an average daily volume of 636 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Trading of Franklin Exponential Data ETF

An institutional investor recently raised its position in Franklin Exponential Data ETF stock. Truist Financial Corp increased its position in shares of Franklin Exponential Data ETF (BATS:XDAT) by 10.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,737 shares of the company’s stock after buying an additional 2,795 shares during the quarter. Truist Financial Corp owned about 19.16% of Franklin Exponential Data ETF worth $805,000 at the end of the most recent reporting period.

Franklin Exponential Data ETF Price Performance

XDAT opened at $23.46 on Thursday. The company’s 50 day simple moving average is $22.25 and its two-hundred day simple moving average is $24.12. Franklin Exponential Data ETF has a 1-year low of $20.15 and a 1-year high of $28.78. The firm has a market capitalization of $3.52 million, a price-to-earnings ratio of 45.15 and a beta of 1.11.

Franklin Exponential Data ETF Company Profile

The Franklin Exponential Data ETF (XDAT) is an exchange-traded fund that mostly invests in information technology equity. The fund is actively-managed to invest in global companies believed to benefit from or facilitate Big Data and its applications such as AI, augmented and virtual reality, software-as-a-service, and personalized advertising and healthcare. XDAT was launched on Jan 12, 2021 and is managed by Franklin Templeton.