iShares Exponential Technologies ETF (NASDAQ:XT) Sees Large Increase in Short Interest

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 56,000 shares, an increase of 25.8% from the March 31st total of 44,500 shares. Based on an average daily trading volume, of 104,800 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC raised its holdings in iShares Exponential Technologies ETF by 40.7% during the third quarter. LPL Financial LLC now owns 677,088 shares of the company’s stock worth $35,351,000 after purchasing an additional 196,003 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of iShares Exponential Technologies ETF by 4.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 421,119 shares of the company’s stock valued at $25,212,000 after purchasing an additional 19,349 shares during the period. Alpha Financial Advisors LLC grew its stake in iShares Exponential Technologies ETF by 3.7% during the 4th quarter. Alpha Financial Advisors LLC now owns 355,570 shares of the company’s stock worth $21,288,000 after buying an additional 12,611 shares during the last quarter. New England Private Wealth Advisors LLC increased its position in iShares Exponential Technologies ETF by 3.2% during the third quarter. New England Private Wealth Advisors LLC now owns 339,630 shares of the company’s stock worth $17,749,000 after buying an additional 10,472 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its stake in iShares Exponential Technologies ETF by 7.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 173,683 shares of the company’s stock valued at $10,355,000 after buying an additional 11,386 shares during the last quarter.

iShares Exponential Technologies ETF Trading Up 0.8 %

iShares Exponential Technologies ETF stock opened at $56.91 on Tuesday. The firm has a market capitalization of $3.30 billion, a P/E ratio of 23.80 and a beta of 1.02. iShares Exponential Technologies ETF has a twelve month low of $48.10 and a twelve month high of $61.47. The stock’s fifty day simple moving average is $58.54 and its 200-day simple moving average is $56.78.

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.