Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Rises By 84.2%

The iShares Exponential Technologies ETF (NASDAQ:XT) has experienced a significant increase in short interest during January. As of January 15th, the ETF had a short interest totaling 56,000 shares, marking a substantial rise of 84.2% from the December 31st figure of 30,400 shares. Given the average daily trading volume of 182,600 shares, this brings the short-interest ratio to approximately 0.3 days.

Current Performance of iShares Exponential Technologies ETF

On Thursday, NASDAQ XT opened at $61.79. The stock has a 50-day simple moving average of $61.09 and a two-hundred day simple moving average of $59.92. Over the past year, the iShares Exponential Technologies ETF has seen a low of $53.00 and a high of $63.37. Presently, the company holds a market capitalization of $3.27 billion, with a price-to-earnings ratio of 23.27, and a beta of 1.02.

Dividend Information

Recently, the iShares Exponential Technologies ETF declared a dividend which was paid out on January 3rd. Shareholders on record as of December 30th received a dividend of $0.0094 per share. The ex-dividend date also fell on December 30th.

Institutional Trading Activity

Institutional investors and hedge funds have been actively buying and selling shares of the iShares Exponential Technologies ETF. For instance, Strategic Financial Concepts LLC acquired a new position in the ETF during the fourth quarter valued at approximately $7,110,000. Similarly, Jane Street Group LLC increased its stake by 639.8% in the third quarter, now owning 98,986 shares worth $6,026,000 after an additional acquisition of 85,606 shares. Stratos Wealth Advisors LLC raised its stake by 37.9%, now owning 205,810 shares worth $12,530,000 after purchasing 56,514 additional shares. Furthermore, Wharton Business Group LLC boosted its holdings by 137.4% during the same period, acquiring 64,740 shares valued at $3,941,000 after increasing its position by 37,470 shares. Lastly, Wealthcare Capital Partners LLC made a new investment in the ETF in the fourth quarter valued at around $2,017,000.

About iShares Exponential Technologies ETF

The iShares Exponential Technologies ETF (XT) is an exchange-traded fund that primarily invests in equity stocks within the information technology sector. The fund tracks an equal-weighted index, allowing investors exposure to companies from both developed and emerging markets that are engaged in the creation or application of exponential technologies as defined by Morningstar.

ETF, Investment, Market