Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Expands By 881.1%

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 78,852 shares, an increase of 881.1% from the June 30th total of 8,037 shares. Based on an average daily trading volume, of 69,977 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.2% of the company’s stock are sold short.

iShares Exponential Technologies ETF Stock Down 0.7%

XT opened at $78.74 on Friday. iShares Exponential Technologies ETF has a 52-week low of $64.66 and a 52-week high of $84.23. The company has a market cap of $3.78 billion, a P/E ratio of 26.41 and a beta of 1.13. The firm’s 50-day moving average price is $81.37 and its 200-day moving average price is $75.45.

iShares Exponential Technologies ETF Dividend Announcement

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

Hedge Funds Weigh In On iShares Exponential Technologies ETF

A number of institutional investors have recently modified their holdings of XT. Morgan Stanley increased its holdings in iShares Exponential Technologies ETF by 523.0% in the fourth quarter. Morgan Stanley now owns 1,512,452 shares of the company’s stock valued at $105,478,000 after buying an additional 1,269,670 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in iShares Exponential Technologies ETF by 5,379.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,257,785 shares of the company’s stock worth $87,718,000 after acquiring an additional 1,234,832 shares during the period. Orion Porfolio Solutions LLC increased its stake in iShares Exponential Technologies ETF by 683.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 824,495 shares of the company’s stock worth $53,798,000 after buying an additional 719,245 shares in the last quarter. Ameriprise Financial Inc. raised its stake in iShares Exponential Technologies ETF by 143.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 641,593 shares of the company’s stock valued at $41,912,000 after purchasing an additional 378,264 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in iShares Exponential Technologies ETF by 20.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 303,431 shares of the company’s stock valued at $21,161,000 after acquiring an additional 51,118 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.