Franklin Exponential Data ETF (BATS:XDAT) Stock Price Down 11% – Here’s Why

Franklin Exponential Data ETF (BATS:XDAT)’s stock price dropped 11% during trading on Wednesday . The company traded as low as $24.91 and last traded at $21.7750. Approximately 5,323 shares were traded during mid-day trading, an increase of 289% from the average daily volume of 1,369 shares. The stock had previously closed at $24.4701.

Franklin Exponential Data ETF Trading Down 11.0%

The business’s fifty day moving average price is $25.50 and its 200-day moving average price is $26.57. The company has a market capitalization of $3.27 million, a P/E ratio of 45.15 and a beta of 1.11.

Institutional Trading of Franklin Exponential Data ETF

An institutional investor recently raised its position in Franklin Exponential Data ETF stock. Truist Financial Corp lifted its position in shares of Franklin Exponential Data ETF (BATS:XDAT) by 8.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,303 shares of the company’s stock after buying an additional 2,566 shares during the quarter. Truist Financial Corp owned approximately 20.87% of Franklin Exponential Data ETF worth $809,000 at the end of the most recent quarter.

Franklin Exponential Data ETF Company Profile

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. XDAT was launched on Jan 12, 2021 and is managed by Franklin Templeton.