Franklin Exponential Data ETF (BATS:XDAT) Stock Price Down 0.7% – What’s Next?

Franklin Exponential Data ETF (BATS:XDAT) shares dropped 0.7% during mid-day trading on Thursday . The company traded as low as $22.31 and last traded at $22.31. Approximately 36 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 693 shares. The stock had previously closed at $22.47.

Franklin Exponential Data ETF Stock Performance

The stock has a market capitalization of $3.35 million, a P/E ratio of 45.15 and a beta of 1.11. The firm has a 50-day moving average price of $22.90 and a 200 day moving average price of $25.59.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Franklin Exponential Data ETF stock. Truist Financial Corp boosted its position in Franklin Exponential Data ETF (BATS:XDAT) by 10.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,737 shares of the company’s stock after acquiring an additional 2,795 shares during the period. Truist Financial Corp owned 19.16% of Franklin Exponential Data ETF worth $805,000 at the end of the most recent reporting period.

About Franklin Exponential Data ETF

The Franklin Exponential Data ETF (XDAT) is an exchange-traded fund that mostly invests in information technology equity. The fund is actively-managed to invest in global companies believed to benefit from or facilitate Big Data and its applications such as AI, augmented and virtual reality, software-as-a-service, and personalized advertising and healthcare. XDAT was launched on Jan 12, 2021 and is managed by Franklin Templeton.