Franklin Exponential Data ETF (BATS:XDAT) Shares Down 0.7% – Time to Sell?

Franklin Exponential Data ETF (BATS:XDAT)’s stock price dropped 0.7% during mid-day trading on Friday . The company traded as low as $24.78 and last traded at $24.81. 783 shares traded hands during trading, an increase of 19% from the average session volume of 659 shares. The stock had previously closed at $24.99.

Franklin Exponential Data ETF Price Performance

The firm has a 50-day moving average of $24.72 and a 200 day moving average of $23.53. The company has a market capitalization of $3.72 million, a PE ratio of 45.15 and a beta of 1.11.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Franklin Exponential Data ETF stock. Truist Financial Corp boosted its stake in shares of Franklin Exponential Data ETF (BATS:XDAT) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,303 shares of the company’s stock after purchasing an additional 2,566 shares during the period. Truist Financial Corp owned about 20.87% of Franklin Exponential Data ETF worth $809,000 at the end of the most recent reporting period.

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.