Short Interest in iShares Exponential Technologies ETF (NASDAQ: XT) Drops by 88.2%

The iShares Exponential Technologies ETF (NASDAQ:XT – Get Free Report) saw a remarkable decline in short interest during December. As of December 15th, the total short interest stood at 30,400 shares, which is an astonishing drop of 88.2% compared to the previous month’s total of 257,100 shares recorded on November 30th. With an average daily trading volume of 179,000 shares, the current days-to-cover ratio is 0.2 days, indicating a relatively quick turnaround for short sellers if they need to cover their positions.

iShares Exponential Technologies ETF Stock Performance

On December 28th, shares of iShares Exponential Technologies ETF opened at $60.68. The ETF has a market cap of $3.49 billion and a price-to-earnings ratio of 23.27, along with a beta of 1.02. The fifty-day moving average is set at $60.88, while the 200-day moving average is approximately $59.68. Over the past year, the ETF has experienced a 52-week low of $53.00 and a 52-week high of $63.37.

iShares Exponential Technologies ETF Announces Dividend

In addition to the recent short interest developments, the iShares Exponential Technologies ETF disclosed a dividend that was paid out on December 20th. Shareholders recorded as of December 17th were eligible to receive a dividend of $0.2238. The ex-dividend date was also December 17th, marking it as an important date for potential investors.

Institutional Investors Weigh in on iShares Exponential Technologies ETF

Several institutional investors have been active around iShares Exponential Technologies ETF recently. For instance, Strategic Financial Concepts LLC acquired a new stake in the ETF valued at approximately $65,000 during the second quarter. Also, Jane Street Group LLC significantly increased its holdings in the ETF by 639.8% during the third quarter, now owning 98,986 shares worth around $6,026,000 after adding 85,606 shares. Moreover, Stratos Wealth Advisors LLC also raised its stake in the ETF by 37.9% during the third quarter and now holds 205,810 shares valued at about $12,530,000 following an additional purchase of 56,514 shares. Wharton Business Group LLC boosted its position by 137.4% in the same timeframe, acquiring an additional 37,470 shares and bringing its total ownership to 64,740 shares valued at approximately $3,941,000. Additionally, Clearwater Capital Advisors LLC expanded its holdings by 58.5% during the second quarter, totaling 99,520 shares worth about $5,855,000 after acquiring an extra 36,734 shares.

iShares Exponential Technologies ETF Company Profile

The iShares Exponential Technologies ETF (XT) is an exchange-traded fund primarily focused on investments in the information technology sector. It tracks an equal-weighted index that aims to provide exposure to companies involved in creating or utilizing exponential technologies, as classified by Morningstar, from both developed and emerging markets.

ETF, Investment, Stocks