Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Expands By 52.4%

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 46,800 shares, an increase of 52.4% from the August 15th total of 30,700 shares. Based on an average daily volume of 112,000 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in XT. Valmark Advisers Inc. boosted its holdings in iShares Exponential Technologies ETF by 13.9% during the 2nd quarter. Valmark Advisers Inc. now owns 55,833 shares of the company’s stock worth $3,285,000 after acquiring an additional 6,819 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of iShares Exponential Technologies ETF by 24.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,511 shares of the company’s stock worth $329,000 after buying an additional 1,098 shares in the last quarter. MONECO Advisors LLC purchased a new position in shares of iShares Exponential Technologies ETF in the 4th quarter worth approximately $429,000. ICA Group Wealth Management LLC bought a new position in shares of iShares Exponential Technologies ETF in the fourth quarter valued at approximately $191,000. Finally, Raymond James & Associates increased its position in shares of iShares Exponential Technologies ETF by 32.9% during the second quarter. Raymond James & Associates now owns 86,641 shares of the company’s stock valued at $5,097,000 after acquiring an additional 21,459 shares during the last quarter.

iShares Exponential Technologies ETF Stock Up 0.6 %

Shares of XT opened at $58.66 on Friday. The stock has a market capitalization of $3.38 billion, a P/E ratio of 23.27 and a beta of 1.02. The company has a 50 day moving average of $58.48 and a 200-day moving average of $58.55. iShares Exponential Technologies ETF has a twelve month low of $48.10 and a twelve month high of $61.60.

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.