iShares Exponential Technologies ETF (NASDAQ:XT) Shares Shorted: Short Interest Down 89.0% in October

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 3,089 shares, a drop of 89.0% from the October 15th total of 28,128 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 59,790 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On iShares Exponential Technologies ETF

Large investors have recently added to or reduced their stakes in the company. REAP Financial Group LLC lifted its stake in iShares Exponential Technologies ETF by 858.5% during the second quarter. REAP Financial Group LLC now owns 393 shares of the company’s stock worth $32,000 after purchasing an additional 352 shares during the last quarter. Parallel Advisors LLC increased its position in shares of iShares Exponential Technologies ETF by 21,150.0% during the 3rd quarter. Parallel Advisors LLC now owns 425 shares of the company’s stock valued at $35,000 after purchasing an additional 423 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of iShares Exponential Technologies ETF during the 2nd quarter valued at about $38,000. Compass Financial Management LLC bought a new position in shares of iShares Exponential Technologies ETF during the 2nd quarter valued at about $48,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of iShares Exponential Technologies ETF during the 1st quarter valued at about $51,000.

iShares Exponential Technologies ETF Price Performance

Shares of iShares Exponential Technologies ETF stock opened at $82.33 on Friday. iShares Exponential Technologies ETF has a 1 year low of $65.47 and a 1 year high of $85.85. The firm has a market cap of $3.93 billion, a PE ratio of 30.37 and a beta of 1.16. The company has a 50 day simple moving average of $83.06 and a two-hundred day simple moving average of $78.48.

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.