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

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 31,269 shares, a drop of 59.3% from the April 15th total of 76,905 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 76,035 shares, the days-to-cover ratio is currently 0.4 days.

iShares Exponential Technologies ETF Trading Down 2.0%

Shares of NASDAQ:XT opened at $79.12 on Friday. iShares Exponential Technologies ETF has a twelve month low of $60.37 and a twelve month high of $80.99. The company’s 50 day moving average is $72.43 and its 200 day moving average is $72.52. The company has a market cap of $3.99 billion, a PE ratio of 26.41 and a beta of 1.12.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Siligmueller & Norvid Wealth Advisors LLC acquired a new position in iShares Exponential Technologies ETF in the 3rd quarter worth approximately $801,000. Savvy Advisors Inc. acquired a new position in iShares Exponential Technologies ETF in the 4th quarter worth approximately $6,411,000. Concurrent Investment Advisors LLC acquired a new position in iShares Exponential Technologies ETF in the 4th quarter worth approximately $726,000. RFG Advisory LLC increased its holdings in iShares Exponential Technologies ETF by 2,492.6% in the 3rd quarter. RFG Advisory LLC now owns 80,942 shares of the company’s stock worth $5,823,000 after buying an additional 77,820 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in iShares Exponential Technologies ETF by 5,379.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,257,785 shares of the company’s stock worth $87,718,000 after buying an additional 1,234,832 shares during the period.

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. XT was launched on Mar 19, 2015 and is managed by BlackRock.