iShares Exponential Technologies ETF (NASDAQ:XT) Sees Significant Drop in Short Interest

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 20,512 shares, a drop of 92.3% from the December 31st total of 265,782 shares. Based on an average daily trading volume, of 67,190 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 67,190 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atlantic Union Bankshares Corp acquired a new stake in shares of iShares Exponential Technologies ETF during the 2nd quarter valued at $498,000. Brookstone Capital Management boosted its stake in shares of iShares Exponential Technologies ETF by 10.0% during the second quarter. Brookstone Capital Management now owns 90,384 shares of the company’s stock valued at $5,898,000 after purchasing an additional 8,186 shares in the last quarter. Curran Financial Partners LLC bought a new stake in shares of iShares Exponential Technologies ETF during the second quarter worth about $637,000. Ameritas Advisory Services LLC acquired a new position in shares of iShares Exponential Technologies ETF in the second quarter valued at approximately $163,000. Finally, GWN Securities Inc. increased its stake in shares of iShares Exponential Technologies ETF by 6.2% in the second quarter. GWN Securities Inc. now owns 18,597 shares of the company’s stock valued at $1,213,000 after buying an additional 1,086 shares during the period.

iShares Exponential Technologies ETF Trading Up 0.1%

Shares of iShares Exponential Technologies ETF stock opened at $73.45 on Thursday. The company has a 50 day moving average of $72.23 and a 200-day moving average of $70.94. iShares Exponential Technologies ETF has a 1-year low of $49.01 and a 1-year high of $76.29. The company has a market cap of $3.77 billion, a PE ratio of 26.41 and a beta of 1.10.

iShares Exponential Technologies ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $5.3322 per share. The ex-dividend date was Tuesday, December 16th. This represents a yield of 1,542.0%.

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.