Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Grows By 34.6%

iShares Exponential Technologies ETF (NASDAQ:XT) saw a significant growth in short interest in August. As of August 15th, there was short interest totalling 30,700 shares, a growth of 34.6% from the July 31st total of 22,800 shares. Based on an average trading volume of 111,200 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in XT. Strategic Financial Concepts LLC purchased a new position in shares of iShares Exponential Technologies ETF in the second quarter valued at $65,000. Forum Financial Management LP purchased a new position in shares of iShares Exponential Technologies ETF in the first quarter valued at $3,696,000. Clearwater Capital Advisors LLC boosted its stake in shares of iShares Exponential Technologies ETF by 58.5% in the second quarter. Clearwater Capital Advisors LLC now owns 99,520 shares of the company’s stock valued at $5,855,000 after purchasing an additional 36,734 shares during the period. Focus Financial Network Inc. ADV purchased a new position in shares of iShares Exponential Technologies ETF in the fourth quarter valued at $2,186,000. Finally, Sweeney & Michel LLC purchased a new position in shares of iShares Exponential Technologies ETF in the first quarter valued at $2,139,000.

iShares Exponential Technologies ETF Stock Down 0.9 %

iShares Exponential Technologies ETF stock opened at $59.07 on Thursday. iShares Exponential Technologies ETF has a 52-week low of $48.10 and a 52-week high of $61.60. The firm has a fifty day moving average of $58.66 and a 200-day moving average of $58.59. The firm has a market capitalization of $3.41 billion, a P/E ratio of 23.27 and a beta of 1.02.

iShares Exponential Technologies ETF Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were given a $0.1582 dividend. The ex-dividend date of this dividend was Tuesday, June 11th.

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.