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

iShares Exponential Technologies ETF (NASDAQ:XT) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 6,584 shares, a decline of 34.5% from the May 31st total of 10,047 shares. Based on an average trading volume of 101,889 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

iShares Exponential Technologies ETF Trading Down 0.2%

iShares Exponential Technologies ETF stock opened at $82.24 on Friday. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 26.41 and a beta of 1.13. iShares Exponential Technologies ETF has a 12 month low of $64.66 and a 12 month high of $84.23. The stock’s 50 day moving average is $80.22 and its 200-day moving average is $74.27.

iShares Exponential Technologies ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.3581 dividend. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XT. Morgan Stanley lifted its holdings in shares of iShares Exponential Technologies ETF by 523.0% during the fourth quarter. Morgan Stanley now owns 1,512,452 shares of the company’s stock worth $105,478,000 after buying an additional 1,269,670 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Exponential Technologies ETF by 5,379.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,257,785 shares of the company’s stock valued at $87,718,000 after acquiring an additional 1,234,832 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in iShares Exponential Technologies ETF by 683.4% during the second quarter. Orion Porfolio Solutions LLC now owns 824,495 shares of the company’s stock worth $53,798,000 after acquiring an additional 719,245 shares during the period. Ameriprise Financial Inc. increased its position in iShares Exponential Technologies ETF by 143.6% during the second quarter. Ameriprise Financial Inc. now owns 641,593 shares of the company’s stock worth $41,912,000 after acquiring an additional 378,264 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in iShares Exponential Technologies ETF by 20.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 303,431 shares of the company’s stock worth $21,161,000 after acquiring an additional 51,118 shares during the period.

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.