Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Declines By 93.8%

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 3,700 shares, a decrease of 93.8% from the January 15th total of 59,500 shares. Based on an average daily volume of 207,500 shares, the days-to-cover ratio is currently 0.0 days.

iShares Exponential Technologies ETF Price Performance

XT stock opened at $63.43 on Friday. The company has a fifty day moving average price of $61.32 and a 200 day moving average price of $60.14. iShares Exponential Technologies ETF has a 12 month low of $53.00 and a 12 month high of $63.43. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02.

iShares Exponential Technologies ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 30th were paid a $0.0094 dividend. The ex-dividend date of this dividend was Monday, December 30th.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Institutional investors have recently bought and sold shares of the company. Finley Financial LLC acquired a new position in iShares Exponential Technologies ETF in the 4th quarter valued at $30,000. Compass Planning Associates Inc acquired a new position in shares of iShares Exponential Technologies ETF during the 4th quarter worth $49,000. First Horizon Advisors Inc. grew its stake in shares of iShares Exponential Technologies ETF by 7,907.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,041 shares of the company’s stock worth $63,000 after purchasing an additional 1,028 shares during the period. West Oak Capital LLC grew its stake in shares of iShares Exponential Technologies ETF by 260.3% during the 4th quarter. West Oak Capital LLC now owns 1,081 shares of the company’s stock worth $64,000 after purchasing an additional 781 shares during the period. Finally, Howe & Rusling Inc. acquired a new position in shares of iShares Exponential Technologies ETF during the 4th quarter worth $64,000.

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.