Franklin Exponential Data ETF (BATS:XDAT) Sees Large Growth in Short Interest

Franklin Exponential Data ETF (BATS:XDAT) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 1,799 shares, a growth of 16,254.5% from the April 30th total of 11 shares. Based on an average daily trading volume, of 974 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Franklin Exponential Data ETF

An institutional investor recently raised its position in Franklin Exponential Data ETF stock. Truist Financial Corp grew its stake in shares of Franklin Exponential Data ETF (BATS:XDAT) by 8.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 31,303 shares of the company’s stock after acquiring an additional 2,566 shares during the period. Truist Financial Corp owned about 20.87% of Franklin Exponential Data ETF worth $809,000 at the end of the most recent reporting period.

Franklin Exponential Data ETF Price Performance

XDAT stock traded down $0.18 on Wednesday, reaching $24.32. The company’s stock had a trading volume of 35 shares, compared to its average volume of 705. The company has a market capitalization of $3.65 million, a P/E ratio of 45.15 and a beta of 1.11. Franklin Exponential Data ETF has a 52 week low of $20.15 and a 52 week high of $28.78. The firm has a fifty day moving average of $22.54 and a two-hundred day moving average of $23.85.

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.