Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Increases By 21.9%

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 77,900 shares, a growth of 21.9% from the October 15th total of 63,900 shares. Based on an average trading volume of 96,100 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On iShares Exponential Technologies ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Alpha Financial Advisors LLC raised its position in shares of iShares Exponential Technologies ETF by 1.2% during the 3rd quarter. Alpha Financial Advisors LLC now owns 371,483 shares of the company’s stock worth $22,616,000 after acquiring an additional 4,289 shares in the last quarter. Stratos Wealth Advisors LLC increased its position in iShares Exponential Technologies ETF by 37.9% during the third quarter. Stratos Wealth Advisors LLC now owns 205,810 shares of the company’s stock worth $12,530,000 after buying an additional 56,514 shares during the period. Stratos Investment Management LLC increased its position in iShares Exponential Technologies ETF by 18.8% during the third quarter. Stratos Investment Management LLC now owns 183,218 shares of the company’s stock worth $11,154,000 after buying an additional 29,058 shares during the period. AlphaCore Capital LLC increased its position in iShares Exponential Technologies ETF by 4.8% during the third 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. Finally, Strategic Financial Concepts LLC acquired a new position in iShares Exponential Technologies ETF during the second quarter worth approximately $65,000.

iShares Exponential Technologies ETF Stock Performance

Shares of NASDAQ XT opened at $60.17 on Friday. iShares Exponential Technologies ETF has a fifty-two week low of $53.00 and a fifty-two week high of $61.87. The firm has a market capitalization of $3.46 billion, a PE ratio of 23.27 and a beta of 1.02. The stock’s 50-day simple moving average is $59.91 and its 200-day simple moving average is $59.07.

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.