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

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 3,700 shares, a decrease of 93.8% from the January 15th total of 59,500 shares. Based on an average daily volume of 207,500 shares, the days-to-cover ratio is presently 0.0 days.

iShares Exponential Technologies ETF Stock Up 0.3 %

XT stock opened at $62.82 on Thursday. The company has a 50 day moving average of $61.32 and a two-hundred day moving average of $60.12. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02. iShares Exponential Technologies ETF has a 12-month low of $53.00 and a 12-month high of $63.37.

iShares Exponential Technologies ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of XT. Creative Planning lifted its holdings in shares of iShares Exponential Technologies ETF by 19.2% during the 2nd quarter. Creative Planning now owns 8,453 shares of the company’s stock valued at $497,000 after buying an additional 1,361 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in iShares Exponential Technologies ETF in the second quarter worth approximately $349,000. CWM LLC increased its stake in shares of iShares Exponential Technologies ETF by 1.3% during the 3rd quarter. CWM LLC now owns 24,815 shares of the company’s stock worth $1,511,000 after purchasing an additional 316 shares during the last quarter. Stratos Wealth Advisors LLC lifted its stake in shares of iShares Exponential Technologies ETF by 37.9% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 205,810 shares of the company’s stock valued at $12,530,000 after purchasing an additional 56,514 shares during the last quarter. Finally, Stratos Investment Management LLC boosted its holdings in iShares Exponential Technologies ETF by 18.8% in the third quarter. Stratos Investment Management LLC now owns 183,218 shares of the company’s stock worth $11,154,000 after purchasing an additional 29,058 shares in the last quarter.

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.