Franklin Exponential Data ETF (BATS:XDAT) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Franklin Exponential Data ETF (BATS:XDAT) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $24.54 and traded as low as $24.10. Franklin Exponential Data ETF shares last traded at $24.53, with a volume of 816 shares.

Franklin Exponential Data ETF Stock Down 0.5%

The firm has a market cap of $3.68 million, a PE ratio of 34.43 and a beta of 1.13. The firm’s fifty day simple moving average is $26.85 and its two-hundred day simple moving average is $24.54.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Franklin Exponential Data ETF stock. Citadel Advisors LLC increased its position in Franklin Exponential Data ETF (BATS:XDAT) by 7.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,544 shares of the company’s stock after buying an additional 1,181 shares during the period. Citadel Advisors LLC owned about 11.70% of Franklin Exponential Data ETF worth $438,000 at the end of the most recent quarter.

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.