Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Decreases By 65.6%

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 142,845 shares, a drop of 65.6% from the February 26th total of 415,320 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 122,916 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 122,916 shares, the short-interest ratio is currently 1.2 days. Currently, 0.3% of the company’s stock are short sold.

iShares Exponential Technologies ETF Price Performance

NASDAQ:XT opened at $67.87 on Wednesday. iShares Exponential Technologies ETF has a 1-year low of $49.01 and a 1-year high of $76.29. The company has a 50-day moving average of $71.36 and a 200 day moving average of $72.14. The firm has a market cap of $3.48 billion, a PE ratio of 26.41 and a beta of 1.10.

Institutional Investors Weigh In On iShares Exponential Technologies ETF

Several large investors have recently modified their holdings of the business. Morgan Stanley lifted its position in shares of iShares Exponential Technologies ETF by 523.0% in the 4th quarter. Morgan Stanley now owns 1,512,452 shares of the company’s stock worth $105,478,000 after purchasing an additional 1,269,670 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in iShares Exponential Technologies ETF by 5,379.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,257,785 shares of the company’s stock valued at $87,718,000 after buying an additional 1,234,832 shares during the period. Orion Porfolio Solutions LLC increased its holdings in iShares Exponential Technologies ETF by 683.4% during the second quarter. Orion Porfolio Solutions LLC now owns 824,495 shares of the company’s stock valued at $53,798,000 after buying an additional 719,245 shares during the period. Ameriprise Financial Inc. raised its stake in iShares Exponential Technologies ETF by 143.6% in the second quarter. Ameriprise Financial Inc. now owns 641,593 shares of the company’s stock worth $41,912,000 after buying an additional 378,264 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in iShares Exponential Technologies ETF by 20.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 303,431 shares of the company’s stock worth $21,161,000 after buying an additional 51,118 shares in the last quarter.

About iShares Exponential Technologies ETF

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.