Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Increases By 1,547.3%

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 337,901 shares, a growth of 1,547.3% from the January 15th total of 20,512 shares. Based on an average daily volume of 113,511 shares, the short-interest ratio is currently 3.0 days. Approximately 0.7% of the shares of the stock are short sold. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 113,511 shares, the short-interest ratio is currently 3.0 days.

iShares Exponential Technologies ETF Price Performance

Shares of XT stock traded up $0.02 during trading hours on Tuesday, hitting $72.25. 90,405 shares of the company’s stock were exchanged, compared to its average volume of 115,789. The stock’s 50-day moving average is $72.05 and its 200-day moving average is $71.31. iShares Exponential Technologies ETF has a 52 week low of $49.01 and a 52 week high of $76.29. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 26.41 and a beta of 1.10.

iShares Exponential Technologies ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $5.3322 per share. This represents a dividend yield of 1,542.0%. The ex-dividend date was Tuesday, December 16th.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in iShares Exponential Technologies ETF by 5,379.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,257,785 shares of the company’s stock valued at $87,718,000 after purchasing an additional 1,234,832 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in iShares Exponential Technologies ETF by 683.4% in the second quarter. Orion Porfolio Solutions LLC now owns 824,495 shares of the company’s stock valued at $53,798,000 after buying an additional 719,245 shares during the period. Ameriprise Financial Inc. lifted its holdings in iShares Exponential Technologies ETF by 143.6% in the second quarter. Ameriprise Financial Inc. now owns 641,593 shares of the company’s stock valued at $41,912,000 after buying an additional 378,264 shares during the period. Jane Street Group LLC boosted its stake in iShares Exponential Technologies ETF by 946.8% in the first quarter. Jane Street Group LLC now owns 160,177 shares of the company’s stock valued at $9,220,000 after acquiring an additional 144,876 shares during the last quarter. Finally, Savvy Advisors Inc. acquired a new stake in shares of iShares Exponential Technologies ETF during the fourth quarter worth $6,411,000.

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.