Franklin Exponential Data ETF (BATS:XDAT) Stock Price Down 1.3% – Here’s What Happened

Franklin Exponential Data ETF (BATS:XDAT)’s share price was down 1.3% during mid-day trading on Friday . The stock traded as low as $27.08 and last traded at $27.08. Approximately 64 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 754 shares. The stock had previously closed at $27.43.

Franklin Exponential Data ETF Price Performance

The company has a fifty day simple moving average of $25.93 and a 200-day simple moving average of $24.27. The company has a market cap of $4.06 million, a P/E ratio of 45.15 and a beta of 1.11.

Hedge Funds Weigh In On Franklin Exponential Data ETF

A hedge fund recently raised its position in Franklin Exponential Data ETF stock. Citadel Advisors LLC increased its position in shares of Franklin Exponential Data ETF (BATS:XDAT) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,544 shares of the company’s stock after acquiring an additional 1,181 shares during the period. Citadel Advisors LLC owned about 11.70% of Franklin Exponential Data ETF worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

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.