iShares Exponential Technologies ETF (NASDAQ:XT) Short Interest Up 1,547.3% in January

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 337,901 shares, an increase of 1,547.3% from the January 15th total of 20,512 shares. Based on an average daily volume of 113,511 shares, the short-interest ratio is presently 3.0 days. Currently, 0.7% of the shares of the company are sold short. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 113,511 shares, the short-interest ratio is presently 3.0 days.

iShares Exponential Technologies ETF Stock Performance

Shares of iShares Exponential Technologies ETF stock opened at $72.25 on Wednesday. The stock has a market capitalization of $3.71 billion, a P/E ratio of 26.41 and a beta of 1.10. The stock’s 50-day simple moving average is $72.05 and its 200 day simple moving average is $71.31. iShares Exponential Technologies ETF has a 52-week low of $49.01 and a 52-week high of $76.29.

iShares Exponential Technologies ETF Dividend Announcement

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

Institutional Trading of iShares Exponential Technologies ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp purchased a new position in iShares Exponential Technologies ETF during the 2nd quarter valued at about $498,000. Brookstone Capital Management boosted its position in shares of iShares Exponential Technologies ETF by 10.0% in the second quarter. Brookstone Capital Management now owns 90,384 shares of the company’s stock valued at $5,898,000 after acquiring an additional 8,186 shares during the period. GWN Securities Inc. grew its stake in iShares Exponential Technologies ETF by 6.2% during the second quarter. GWN Securities Inc. now owns 18,597 shares of the company’s stock valued at $1,213,000 after acquiring an additional 1,086 shares in the last quarter. Baird Financial Group Inc. increased its holdings in iShares Exponential Technologies ETF by 8.3% during the 2nd quarter. Baird Financial Group Inc. now owns 292,585 shares of the company’s stock worth $19,091,000 after acquiring an additional 22,451 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in iShares Exponential Technologies ETF by 190.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 11,201 shares of the company’s stock worth $731,000 after purchasing an additional 7,339 shares in the last quarter.

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