Franklin Exponential Data ETF (BATS:XDAT) Short Interest Up 330.6% in July

Franklin Exponential Data ETF (BATS:XDAT) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 211 shares, an increase of 330.6% from the July 15th total of 49 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 1,552 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Franklin Exponential Data ETF

A hedge fund recently raised its position in Franklin Exponential Data ETF stock. Truist Financial Corp boosted its position in Franklin Exponential Data ETF (BATS:XDAT) by 8.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,303 shares of the company’s stock after buying an additional 2,566 shares during the period. Truist Financial Corp owned approximately 20.87% of Franklin Exponential Data ETF worth $809,000 at the end of the most recent quarter.

Franklin Exponential Data ETF Trading Up 3.2%

BATS:XDAT opened at $27.74 on Friday. Franklin Exponential Data ETF has a 12 month low of $20.15 and a 12 month high of $28.78. The stock has a market capitalization of $4.16 million, a price-to-earnings ratio of 45.15 and a beta of 1.11. The firm has a fifty day simple moving average of $24.97 and a two-hundred day simple moving average of $23.52.

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.