iShares Exponential Technologies ETF (NASDAQ:XT) Sees Large Increase in Short Interest

iShares Exponential Technologies ETF (NASDAQ:XT) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 79,700 shares, a growth of 499.2% from the June 30th total of 13,300 shares. Based on an average daily volume of 92,300 shares, the days-to-cover ratio is currently 0.9 days.

iShares Exponential Technologies ETF Price Performance

XT stock traded down $0.29 during trading on Thursday, hitting $57.73. 10,926 shares of the stock traded hands, compared to its average volume of 101,084. iShares Exponential Technologies ETF has a 1 year low of $48.10 and a 1 year high of $61.60. The firm’s 50 day moving average is $59.21 and its two-hundred day moving average is $58.60. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02.

iShares Exponential Technologies ETF Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were given a dividend of $0.1582 per share. The ex-dividend date was Tuesday, June 11th.

Institutional Trading of iShares Exponential Technologies ETF

Several institutional investors have recently bought and sold shares of XT. Forum Financial Management LP purchased a new stake in iShares Exponential Technologies ETF during the 1st quarter valued at about $3,696,000. Focus Financial Network Inc. ADV purchased a new stake in shares of iShares Exponential Technologies ETF during the 4th quarter valued at about $2,186,000. Sweeney & Michel LLC purchased a new stake in shares of iShares Exponential Technologies ETF during the 1st quarter valued at about $2,139,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of iShares Exponential Technologies ETF by 17.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 163,659 shares of the company’s stock valued at $9,798,000 after acquiring an additional 23,967 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of iShares Exponential Technologies ETF by 32.9% during the 2nd quarter. Raymond James & Associates now owns 86,641 shares of the company’s stock valued at $5,097,000 after acquiring an additional 21,459 shares during the last quarter.

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.