iShares Exponential Technologies ETF (NASDAQ:XT) Short Interest Down 65.6% in March

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 142,845 shares, a decrease of 65.6% from the February 26th total of 415,320 shares. Based on an average trading volume of 122,916 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Trading of iShares Exponential Technologies ETF

A number of hedge funds and other institutional investors have recently modified their holdings of XT. Siligmueller & Norvid Wealth Advisors LLC acquired a new stake in shares of iShares Exponential Technologies ETF in the 3rd quarter valued at $801,000. TD Waterhouse Canada Inc. bought a new stake in shares of iShares Exponential Technologies ETF during the second quarter worth $263,000. Baird Financial Group Inc. lifted its stake in shares of iShares Exponential Technologies ETF by 8.3% during the second quarter. Baird Financial Group Inc. now owns 292,585 shares of the company’s stock valued at $19,091,000 after acquiring an additional 22,451 shares during the period. RFG Advisory LLC lifted its stake in shares of iShares Exponential Technologies ETF by 2,492.6% during the third quarter. RFG Advisory LLC now owns 80,942 shares of the company’s stock valued at $5,823,000 after acquiring an additional 77,820 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in iShares Exponential Technologies ETF in the third quarter valued at about $4,332,000.

iShares Exponential Technologies ETF Trading Down 2.1%

XT opened at $67.13 on Friday. iShares Exponential Technologies ETF has a 1-year low of $49.01 and a 1-year high of $76.29. The stock has a market capitalization of $3.44 billion, a PE ratio of 26.41 and a beta of 1.10. The firm has a 50-day moving average price of $71.19 and a two-hundred day moving average price of $72.08.

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.