iShares Exponential Technologies ETF (NASDAQ:XT) Stock Short Interest Declines 89.0%

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 3,089 shares, a drop of 89.0% from the October 15th total of 28,128 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 59,790 shares, the days-to-cover ratio is presently 0.1 days.

iShares Exponential Technologies ETF Trading Down 0.4%

Shares of XT stock opened at $82.32 on Wednesday. The firm has a 50-day moving average price of $83.00 and a 200 day moving average price of $78.37. iShares Exponential Technologies ETF has a twelve month low of $65.47 and a twelve month high of $85.85. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 30.37 and a beta of 1.16.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

A number of institutional investors have recently modified their holdings of XT. Private Advisor Group LLC lifted its stake in shares of iShares Exponential Technologies ETF by 136.5% during the third quarter. Private Advisor Group LLC now owns 9,631 shares of the company’s stock valued at $803,000 after buying an additional 5,559 shares during the period. Focus Advisor Solutions LLC grew its stake in iShares Exponential Technologies ETF by 26.8% in the 3rd quarter. Focus Advisor Solutions LLC now owns 4,008 shares of the company’s stock worth $334,000 after acquiring an additional 847 shares during the period. Prasad Wealth Partners LLC acquired a new position in iShares Exponential Technologies ETF in the 3rd quarter valued at $201,000. HighTower Advisors LLC raised its holdings in iShares Exponential Technologies ETF by 18.8% in the 3rd quarter. HighTower Advisors LLC now owns 22,520 shares of the company’s stock valued at $1,878,000 after acquiring an additional 3,571 shares during the last quarter. Finally, Valmark Advisers Inc. raised its holdings in iShares Exponential Technologies ETF by 10.2% in the 3rd quarter. Valmark Advisers Inc. now owns 80,988 shares of the company’s stock valued at $6,754,000 after acquiring an additional 7,504 shares during the last quarter.

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.