Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Grows By 881.1%

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 78,852 shares, a growth of 881.1% from the June 30th total of 8,037 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 69,977 shares, the days-to-cover ratio is presently 1.1 days.

iShares Exponential Technologies ETF Price Performance

iShares Exponential Technologies ETF stock traded down $0.53 during mid-day trading on Friday, reaching $78.74. 67,656 shares of the company were exchanged, compared to its average volume of 109,805. The company has a fifty day simple moving average of $81.37 and a 200-day simple moving average of $75.45. iShares Exponential Technologies ETF has a 12 month low of $64.66 and a 12 month high of $84.23. The firm has a market cap of $3.78 billion, a PE ratio of 26.41 and a beta of 1.13.

iShares Exponential Technologies ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $0.3581 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC grew its stake in iShares Exponential Technologies ETF by 946.8% during the first quarter. Jane Street Group LLC now owns 160,177 shares of the company’s stock worth $9,220,000 after buying an additional 144,876 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of iShares Exponential Technologies ETF in the 2nd quarter valued at approximately $356,000. Strategic Wealth Investment Group LLC bought a new stake in shares of iShares Exponential Technologies ETF during the 2nd quarter worth approximately $135,000. Ameriprise Financial Inc. lifted its holdings in shares of iShares Exponential Technologies ETF by 143.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 641,593 shares of the company’s stock worth $41,912,000 after acquiring an additional 378,264 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its position in shares of iShares Exponential Technologies ETF by 683.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 824,495 shares of the company’s stock worth $53,798,000 after acquiring an additional 719,245 shares in 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.