Franklin Exponential Data ETF (BATS:XDAT) Sees Significant Increase in Short Interest

Franklin Exponential Data ETF (BATS:XDAT) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 49 shares, an increase of ∞ from the June 30th total of 0 shares. Based on an average daily volume of 334 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Franklin Exponential Data ETF stock. Truist Financial Corp raised its stake in Franklin Exponential Data ETF (BATS:XDAT) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,303 shares of the company’s stock after buying an additional 2,566 shares during the period. Truist Financial Corp owned approximately 20.87% of Franklin Exponential Data ETF worth $809,000 as of its most recent filing with the SEC.

Franklin Exponential Data ETF Price Performance

Shares of XDAT opened at $23.87 on Wednesday. The firm’s 50 day moving average is $24.79 and its 200-day moving average is $23.43. Franklin Exponential Data ETF has a 12-month low of $20.15 and a 12-month high of $28.78. The stock has a market capitalization of $3.58 million, a P/E ratio of 45.15 and a beta of 1.11.

Franklin Exponential Data ETF Company Profile

The Franklin Exponential Data ETF (XDAT) is an exchange-traded fund that mostly invests in information technology equity. The fund is actively-managed to invest in global companies believed to benefit from or facilitate Big Data and its applications such as AI, augmented and virtual reality, software-as-a-service, and personalized advertising and healthcare. XDAT was launched on Jan 12, 2021 and is managed by Franklin Templeton.