Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Increases By 932.4%

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 38,200 shares, a growth of 932.4% from the January 31st total of 3,700 shares. Based on an average daily trading volume, of 205,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Financial Engines Advisors L.L.C. raised its holdings in iShares Exponential Technologies ETF by 1.3% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 34,675,164 shares of the company’s stock valued at $2,068,720,000 after acquiring an additional 451,288 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of iShares Exponential Technologies ETF by 334.4% during the 4th quarter. Baird Financial Group Inc. now owns 262,924 shares of the company’s stock worth $15,686,000 after buying an additional 202,395 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares Exponential Technologies ETF during the 4th quarter valued at approximately $14,080,000. Stratos Investment Management LLC grew its holdings in shares of iShares Exponential Technologies ETF by 16.2% during the fourth quarter. Stratos Investment Management LLC now owns 212,963 shares of the company’s stock worth $12,705,000 after purchasing an additional 29,745 shares during the last quarter. Finally, AlphaCore Capital LLC lifted its holdings in iShares Exponential Technologies ETF by 4.8% during the 3rd quarter. AlphaCore Capital LLC now owns 173,464 shares of the company’s stock worth $10,560,000 after buying an additional 7,888 shares during the period.

iShares Exponential Technologies ETF Price Performance

Shares of iShares Exponential Technologies ETF stock traded down $0.91 during midday trading on Thursday, hitting $61.64. 61,897 shares of the company were exchanged, compared to its average volume of 160,622. The firm has a 50 day simple moving average of $61.57 and a 200-day simple moving average of $60.60. iShares Exponential Technologies ETF has a 52 week low of $53.00 and a 52 week high of $64.26. The firm has a market cap of $3.20 billion, a P/E ratio of 28.27 and a beta of 1.04.

iShares Exponential Technologies ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 30th were paid a $0.0094 dividend. The ex-dividend date was Monday, December 30th.

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.