iShares Exponential Technologies ETF (NASDAQ:XT) Short Interest Down 93.8% in January

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 3,700 shares, a drop of 93.8% from the January 15th total of 59,500 shares. Based on an average trading volume of 207,500 shares, the days-to-cover ratio is currently 0.0 days.

iShares Exponential Technologies ETF Stock Performance

Shares of XT traded down $0.30 during mid-day trading on Wednesday, hitting $62.32. 18,202 shares of the company traded hands, compared to its average volume of 163,439. iShares Exponential Technologies ETF has a 1 year low of $53.00 and a 1 year high of $63.37. The stock has a 50-day moving average price of $61.30 and a two-hundred day moving average price of $60.09. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02.

iShares Exponential Technologies ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 30th were given a dividend of $0.0094 per share. The ex-dividend date of this dividend was Monday, December 30th.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

A number of hedge funds have recently modified their holdings of the company. Financial Engines Advisors L.L.C. raised its position in shares of iShares Exponential Technologies ETF by 1.3% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 34,675,164 shares of the company’s stock valued at $2,068,720,000 after buying an additional 451,288 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in iShares Exponential Technologies ETF in the 4th quarter worth $14,080,000. Strategic Financial Concepts LLC bought a new position in shares of iShares Exponential Technologies ETF during the 4th quarter valued at about $7,110,000. Jane Street Group LLC grew its position in shares of iShares Exponential Technologies ETF by 639.8% during the third quarter. Jane Street Group LLC now owns 98,986 shares of the company’s stock valued at $6,026,000 after purchasing an additional 85,606 shares in the last quarter. Finally, Brooklyn FI LLC bought a new stake in shares of iShares Exponential Technologies ETF in the fourth quarter worth about $4,385,000.

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.