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

iShares Exponential Technologies ETF (NASDAQ:XT) saw a large increase in short interest during 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 trading volume of 104,800 shares, the days-to-cover ratio is presently 0.5 days.

iShares Exponential Technologies ETF Stock Performance

iShares Exponential Technologies ETF stock opened at $56.91 on Tuesday. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 23.80 and a beta of 1.02. iShares Exponential Technologies ETF has a 1 year low of $48.10 and a 1 year high of $61.47. The firm has a 50 day moving average price of $58.54 and a 200 day moving average price of $56.78.

Institutional Trading of iShares Exponential Technologies ETF

Several institutional investors have recently made changes to their positions in the stock. OLD Second National Bank of Aurora purchased a new stake in shares of iShares Exponential Technologies ETF during the 3rd quarter worth about $26,000. Clear Investment Research LLC purchased a new stake in iShares Exponential Technologies ETF during the fourth quarter worth approximately $32,000. YHB Investment Advisors Inc. purchased a new stake in iShares Exponential Technologies ETF during the first quarter worth approximately $39,000. MV Capital Management Inc. acquired a new stake in shares of iShares Exponential Technologies ETF in the fourth quarter worth $40,000. Finally, Tidemark LLC purchased a new position in shares of iShares Exponential Technologies ETF in the 4th quarter valued at $55,000.

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.