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

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 56,000 shares, an increase of 84.2% from the December 31st total of 30,400 shares. Based on an average trading volume of 182,600 shares, the days-to-cover ratio is currently 0.3 days.

iShares Exponential Technologies ETF Trading Down 0.4 %

Shares of NASDAQ:XT opened at $62.06 on Friday. The stock has a market capitalization of $3.28 billion, a PE ratio of 23.27 and a beta of 1.02. iShares Exponential Technologies ETF has a 1 year low of $53.00 and a 1 year high of $63.37. The firm has a fifty day moving average price of $61.17 and a 200 day moving average price of $59.95.

iShares Exponential Technologies ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 30th were given a dividend of $0.0094 per share. The ex-dividend date was Monday, December 30th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XT. Finley Financial LLC bought a new position in iShares Exponential Technologies ETF during the fourth quarter valued at about $30,000. First Horizon Advisors Inc. raised its stake in shares of iShares Exponential Technologies ETF by 7,907.7% in the third 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 in the last quarter. West Oak Capital LLC lifted its holdings in shares of iShares Exponential Technologies ETF by 260.3% during the 4th quarter. West Oak Capital LLC now owns 1,081 shares of the company’s stock worth $64,000 after acquiring an additional 781 shares during the period. Allworth Financial LP increased its stake in iShares Exponential Technologies ETF by 62.7% in the fourth quarter. Allworth Financial LP now owns 1,878 shares of the company’s stock valued at $117,000 after acquiring an additional 724 shares during the period. Finally, Financial Life Planners acquired a new position in iShares Exponential Technologies ETF in the fourth quarter worth about $164,000.

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.