iShares Exponential Technologies ETF (NASDAQ:XT) Short Interest Update

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 142,845 shares, a decrease of 65.6% from the February 26th total of 415,320 shares. Based on an average daily volume of 122,916 shares, the short-interest ratio is currently 1.2 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 122,916 shares, the short-interest ratio is currently 1.2 days.

iShares Exponential Technologies ETF Stock Down 0.5%

Shares of iShares Exponential Technologies ETF stock opened at $67.87 on Wednesday. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 26.41 and a beta of 1.10. The business has a 50-day moving average price of $71.36 and a 200-day moving average price of $72.14. iShares Exponential Technologies ETF has a twelve month low of $49.01 and a twelve month high of $76.29.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its position in shares of iShares Exponential Technologies ETF by 523.0% during the 4th quarter. Morgan Stanley now owns 1,512,452 shares of the company’s stock valued at $105,478,000 after purchasing an additional 1,269,670 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in iShares Exponential Technologies ETF by 5,379.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,257,785 shares of the company’s stock worth $87,718,000 after buying an additional 1,234,832 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in iShares Exponential Technologies ETF by 683.4% during the second quarter. Orion Porfolio Solutions LLC now owns 824,495 shares of the company’s stock worth $53,798,000 after buying an additional 719,245 shares during the period. Ameriprise Financial Inc. boosted its stake in iShares Exponential Technologies ETF by 143.6% during the second quarter. Ameriprise Financial Inc. now owns 641,593 shares of the company’s stock worth $41,912,000 after buying an additional 378,264 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in iShares Exponential Technologies ETF by 20.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 303,431 shares of the company’s stock valued at $21,161,000 after acquiring an additional 51,118 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. XT was launched on Mar 19, 2015 and is managed by BlackRock.