Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Declines By 88.2%

The iShares Exponential Technologies ETF (NASDAQ:XT) experienced a notable decline in short interest during December. As of December 15th, the total short interest stood at 30,400 shares. This marks a drastic reduction of 88.2% compared to the previous month, when short interest was reported at 257,100 shares as of November 30th. With an average daily trading volume of about 179,000 shares, the current days-to-cover ratio for XT is approximately 0.2 days.

Performance of iShares Exponential Technologies ETF Stock

On the market, shares of the iShares Exponential Technologies ETF opened at $60.68. This ETF has a market capitalization of $3.49 billion and a price-to-earnings ratio of 23.27, with a beta of 1.02. The 50-day moving average for the stock is $60.88, while the 200-day moving average stands at $59.68. Investors can note that the ETF has a 52-week low of $53.00 and a high of $63.37.

Dividend Announcement from iShares Exponential Technologies ETF

Recently, the company announced a dividend payment that occurred on December 20th. Shareholders who were on record as of December 17th received a dividend payout of $0.2238, following a declared ex-dividend date of December 17th.

Institutional Investor Activity in iShares Exponential Technologies ETF

Several institutional investors have made significant moves regarding their shares in the iShares Exponential Technologies ETF. For instance, Strategic Financial Concepts LLC acquired a new stake valued at approximately $65,000 during the second quarter. Additionally, Jane Street Group LLC markedly increased its stake by 639.8% in the third quarter, bringing its total share ownership to 98,986, worth about $6,026,000 after purchasing an extra 85,606 shares in the last quarter. Stratos Wealth Advisors LLC also grew its investment by 37.9% in the same period, totaling 205,810 shares valued at $12,530,000 after obtaining 56,514 more shares. Wharton Business Group LLC raised its stake by 137.4% in the 3rd quarter, now holding 64,740 shares worth $3,941,000. Lastly, Clearwater Capital Advisors LLC increased its position by 58.5%, totaling 99,520 shares valued at $5,855,000 after an additional 36,734 shares were purchased.

About iShares Exponential Technologies ETF

The iShares Exponential Technologies ETF is an exchange-traded fund that primarily focuses on information technology equities. It seeks to track an equal-weighted index and provides investors exposure to firms in both developed and emerging markets that are either creating or utilizing exponential technologies as indicated by Morningstar.

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