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

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 337,901 shares, a growth of 1,547.3% from the January 15th total of 20,512 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 113,511 shares, the days-to-cover ratio is currently 3.0 days. Based on an average trading volume of 113,511 shares, the days-to-cover ratio is currently 3.0 days. Currently, 0.7% of the shares of the stock are short sold.

iShares Exponential Technologies ETF Stock Up 0.7%

Shares of NASDAQ XT opened at $72.67 on Thursday. The business has a fifty day simple moving average of $72.01 and a 200-day simple moving average of $71.32. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 26.41 and a beta of 1.10. iShares Exponential Technologies ETF has a 12 month low of $49.01 and a 12 month high of $76.29.

iShares Exponential Technologies ETF Announces Dividend

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

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Hedge funds have recently bought and sold shares of the business. GWN Securities Inc. grew its stake in iShares Exponential Technologies ETF by 7.4% in the 4th quarter. GWN Securities Inc. now owns 22,441 shares of the company’s stock valued at $1,565,000 after buying an additional 1,547 shares during the last quarter. Tradition Wealth Management LLC grew its position in iShares Exponential Technologies ETF by 5.9% in the fourth quarter. Tradition Wealth Management LLC now owns 4,454 shares of the company’s stock valued at $311,000 after acquiring an additional 247 shares during the period. Vise Technologies Inc. acquired a new stake in shares of iShares Exponential Technologies ETF during the 4th quarter worth about $292,000. Lido Advisors LLC lifted its holdings in iShares Exponential Technologies ETF by 1.6% during the 4th quarter. Lido Advisors LLC now owns 32,651 shares of the company’s stock valued at $2,348,000 after purchasing an additional 509 shares during the last quarter. Finally, IFG Advisory LLC boosted its position in iShares Exponential Technologies ETF by 5.5% in the fourth quarter. IFG Advisory LLC now owns 7,012 shares of the company’s stock valued at $489,000 after buying an additional 366 shares in the last quarter.

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. XT was launched on Mar 19, 2015 and is managed by BlackRock.