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

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 20,512 shares, a decrease of 92.3% from the December 31st total of 265,782 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 67,190 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 67,190 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

iShares Exponential Technologies ETF Price Performance

NASDAQ:XT opened at $73.38 on Wednesday. The firm’s 50-day moving average price is $72.20 and its 200-day moving average price is $70.92. The company has a market capitalization of $3.77 billion, a PE ratio of 26.41 and a beta of 1.10. iShares Exponential Technologies ETF has a 1-year low of $49.01 and a 1-year high of $76.29.

iShares Exponential Technologies ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $5.3322 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 1,542.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Optima Capital LLC bought a new stake in iShares Exponential Technologies ETF in the fourth quarter worth $25,000. Crewe Advisors LLC purchased a new position in shares of iShares Exponential Technologies ETF in the 2nd quarter worth about $25,000. Spire Wealth Management boosted its stake in iShares Exponential Technologies ETF by 78.7% in the 4th quarter. Spire Wealth Management now owns 420 shares of the company’s stock worth $29,000 after purchasing an additional 185 shares in the last quarter. Sound Income Strategies LLC grew its position in iShares Exponential Technologies ETF by 455.1% during the 4th quarter. Sound Income Strategies LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 355 shares during the last quarter. Finally, Horizon Investments LLC bought a new stake in iShares Exponential Technologies ETF during the 3rd quarter valued at about $33,000.

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. XT was launched on Mar 19, 2015 and is managed by BlackRock.