iShares Exponential Technologies ETF (NASDAQ:XT) Short Interest Up 38.2% in February

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 52,800 shares, an increase of 38.2% from the February 13th total of 38,200 shares. Based on an average daily trading volume, of 202,300 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

iShares Exponential Technologies ETF Price Performance

Shares of NASDAQ:XT opened at $59.81 on Friday. The business’s 50 day simple moving average is $61.52 and its 200 day simple moving average is $60.71. iShares Exponential Technologies ETF has a 1 year low of $53.00 and a 1 year high of $64.26. The company has a market capitalization of $3.07 billion, a P/E ratio of 26.07 and a beta of 1.07.

iShares Exponential Technologies ETF Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Financial Engines Advisors L.L.C. boosted its holdings in shares of iShares Exponential Technologies ETF by 1.3% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 34,675,164 shares of the company’s stock valued at $2,068,720,000 after acquiring an additional 451,288 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of iShares Exponential Technologies ETF during the fourth quarter valued at about $14,080,000. Baird Financial Group Inc. grew its holdings in shares of iShares Exponential Technologies ETF by 334.4% during the fourth quarter. Baird Financial Group Inc. now owns 262,924 shares of the company’s stock worth $15,686,000 after purchasing an additional 202,395 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of iShares Exponential Technologies ETF in the fourth quarter valued at approximately $7,110,000. Finally, Jane Street Group LLC raised its holdings in iShares Exponential Technologies ETF by 639.8% in the 3rd quarter. Jane Street Group LLC now owns 98,986 shares of the company’s stock valued at $6,026,000 after buying an additional 85,606 shares during the last quarter.

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.