iShares Exponential Technologies ETF (NASDAQ:XT) Short Interest Down 93.8% in January

iShares Exponential Technologies ETF (NASDAQ:XT) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 3,700 shares, a decline of 93.8% from the January 15th total of 59,500 shares. Based on an average daily volume of 207,500 shares, the short-interest ratio is presently 0.0 days.

iShares Exponential Technologies ETF Stock Performance

iShares Exponential Technologies ETF stock opened at $62.82 on Thursday. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02. iShares Exponential Technologies ETF has a 1 year low of $53.00 and a 1 year high of $63.37. The firm’s 50 day moving average price is $61.32 and its two-hundred day moving average price is $60.12.

iShares Exponential Technologies ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 30th were issued a dividend of $0.0094 per share. The ex-dividend date was Monday, December 30th.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning raised its holdings in shares of iShares Exponential Technologies ETF by 19.2% during the second quarter. Creative Planning now owns 8,453 shares of the company’s stock valued at $497,000 after acquiring an additional 1,361 shares during the period. Sanctuary Advisors LLC purchased a new position in iShares Exponential Technologies ETF during the 2nd quarter worth approximately $349,000. CWM LLC raised its stake in iShares Exponential Technologies ETF by 1.3% during the 3rd quarter. CWM LLC now owns 24,815 shares of the company’s stock valued at $1,511,000 after purchasing an additional 316 shares during the period. Stratos Wealth Advisors LLC lifted its holdings in shares of iShares Exponential Technologies ETF by 37.9% in the third quarter. Stratos Wealth Advisors LLC now owns 205,810 shares of the company’s stock valued at $12,530,000 after purchasing an additional 56,514 shares in the last quarter. Finally, Stratos Investment Management LLC boosted its position in shares of iShares Exponential Technologies ETF by 18.8% in the third quarter. Stratos Investment Management LLC now owns 183,218 shares of the company’s stock worth $11,154,000 after buying an additional 29,058 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.