Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Declines By 41.6%

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 76,905 shares, a decrease of 41.6% from the March 31st total of 131,752 shares. Based on an average daily trading volume, of 75,880 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the company’s shares are short sold.

iShares Exponential Technologies ETF Price Performance

NASDAQ XT opened at $75.99 on Monday. The company has a 50-day simple moving average of $70.90 and a two-hundred day simple moving average of $72.09. iShares Exponential Technologies ETF has a 12-month low of $56.85 and a 12-month high of $76.29. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 26.41 and a beta of 1.10.

Institutional Trading of iShares Exponential Technologies ETF

Institutional investors have recently modified their holdings of the company. Optima Capital LLC purchased a new stake in shares of iShares Exponential Technologies ETF during the fourth quarter worth about $25,000. Spire Wealth Management boosted its holdings in shares of iShares Exponential Technologies ETF by 78.7% during the fourth quarter. Spire Wealth Management now owns 420 shares of the company’s stock worth $29,000 after purchasing an additional 185 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of iShares Exponential Technologies ETF by 455.1% during the fourth quarter. Sound Income Strategies LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 355 shares during the period. Horizon Investments LLC purchased a new stake in shares of iShares Exponential Technologies ETF during the third quarter worth about $33,000. Finally, MV Capital Management Inc. purchased a new stake in shares of iShares Exponential Technologies ETF during the fourth quarter worth about $47,000.

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.