iShares Exponential Technologies ETF (NASDAQ:XT) Short Interest Down 34.0% in August

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 67,352 shares, a decline of 34.0% from the July 30th total of 101,979 shares. Based on an average trading volume of 76,077 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XT. Morgan Stanley raised its holdings in iShares Exponential Technologies ETF by 523.0% in the fourth quarter. Morgan Stanley now owns 1,512,452 shares of the company’s stock valued at $105,478,000 after acquiring an additional 1,269,670 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in iShares Exponential Technologies ETF by 5,379.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,257,785 shares of the company’s stock worth $87,718,000 after acquiring an additional 1,234,832 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in shares of iShares Exponential Technologies ETF by 683.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 824,495 shares of the company’s stock valued at $53,798,000 after purchasing an additional 719,245 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares Exponential Technologies ETF by 143.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 641,593 shares of the company’s stock valued at $41,912,000 after purchasing an additional 378,264 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of iShares Exponential Technologies ETF by 20.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 303,431 shares of the company’s stock valued at $21,161,000 after purchasing an additional 51,118 shares in the last quarter.

iShares Exponential Technologies ETF Stock Performance

Shares of iShares Exponential Technologies ETF stock traded down $0.83 during trading hours on Tuesday, hitting $81.92. The company’s stock had a trading volume of 4,294 shares, compared to its average volume of 103,581. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 26.41 and a beta of 1.14. iShares Exponential Technologies ETF has a twelve month low of $65.47 and a twelve month high of $84.23. The firm has a fifty day moving average of $81.52 and a 200-day moving average of $77.26.

iShares Exponential Technologies ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $0.3581 per share. The ex-dividend date of this dividend was Monday, June 15th.

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.