Franklin Exponential Data ETF (BATS:XDAT) Stock Price Down 3.8% – Here’s Why

Franklin Exponential Data ETF (BATS:XDAT)’s share price was down 3.8% during trading on Wednesday . The company traded as low as $28.7298 and last traded at $27.56. Approximately 351 shares traded hands during trading, a decline of 74% from the average daily volume of 1,369 shares. The stock had previously closed at $28.6455.

Franklin Exponential Data ETF Stock Down 3.8%

The firm has a market cap of $4.13 million, a P/E ratio of 45.15 and a beta of 1.11. The business has a fifty day moving average of $27.79 and a 200 day moving average of $26.62.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Franklin Exponential Data ETF stock. Harbour Investments Inc. increased its stake in Franklin Exponential Data ETF (BATS:XDAT) by 154.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,105 shares of the company’s stock after purchasing an additional 3,102 shares during the period. Harbour Investments Inc. owned approximately 2.55% of Franklin Exponential Data ETF worth $115,000 as of its most recent SEC filing.

About Franklin Exponential Data ETF

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.