iShares Exponential Technologies ETF (NASDAQ:XT) Sees Unusually-High Trading Volume – What’s Next?

iShares Exponential Technologies ETF (NASDAQ:XT) shares saw unusually-strong trading volume on Wednesday . Approximately 382,698 shares traded hands during mid-day trading, an increase of 230% from the previous session’s volume of 116,030 shares.The stock last traded at $62.38 and had previously closed at $61.78.

iShares Exponential Technologies ETF Trading Down 0.1 %

The company has a market cap of $3.56 billion, a P/E ratio of 23.27 and a beta of 1.02. The firm’s 50 day moving average price is $60.85 and its 200-day moving average price is $59.51.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. grew its holdings in iShares Exponential Technologies ETF by 7,907.7% during the third quarter. First Horizon Advisors Inc. now owns 1,041 shares of the company’s stock valued at $63,000 after purchasing an additional 1,028 shares during the period. Strategic Financial Concepts LLC acquired a new stake in iShares Exponential Technologies ETF during the 2nd quarter worth $65,000. Ashton Thomas Private Wealth LLC bought a new position in iShares Exponential Technologies ETF during the second quarter worth about $104,000. Crestwood Advisors Group LLC acquired a new position in iShares Exponential Technologies ETF in the third quarter valued at about $212,000. Finally, Graypoint LLC bought a new stake in shares of iShares Exponential Technologies ETF in the second quarter worth about $220,000.

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.