Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Drops By 59.3%

iShares Exponential Technologies ETF (NASDAQ:XT) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 31,269 shares, a drop of 59.3% from the April 15th total of 76,905 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 76,035 shares, the short-interest ratio is presently 0.4 days.

iShares Exponential Technologies ETF Trading Down 1.5%

Shares of NASDAQ XT traded down $1.24 on Friday, reaching $79.53. 43,161 shares of the company traded hands, compared to its average volume of 116,969. iShares Exponential Technologies ETF has a fifty-two week low of $60.37 and a fifty-two week high of $80.99. The company has a 50 day moving average of $72.27 and a 200 day moving average of $72.48. The stock has a market capitalization of $4.01 billion, a PE ratio of 26.41 and a beta of 1.12.

Institutional Trading of iShares Exponential Technologies ETF

Several institutional investors and hedge funds have recently bought and sold shares of XT. Siligmueller & Norvid Wealth Advisors LLC bought a new position in iShares Exponential Technologies ETF in the 3rd quarter worth approximately $801,000. Savvy Advisors Inc. purchased a new stake in shares of iShares Exponential Technologies ETF in the fourth quarter valued at $6,411,000. Concurrent Investment Advisors LLC purchased a new stake in shares of iShares Exponential Technologies ETF in the fourth quarter valued at $726,000. RFG Advisory LLC increased its stake in shares of iShares Exponential Technologies ETF by 2,492.6% in the third quarter. RFG Advisory LLC now owns 80,942 shares of the company’s stock worth $5,823,000 after acquiring an additional 77,820 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of iShares Exponential Technologies ETF in the third quarter worth $4,332,000.

About iShares Exponential Technologies ETF

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.