Significant Decline in Short Interest for iShares Exponential Technologies ETF (NASDAQ:XT)

The iShares Exponential Technologies ETF (NASDAQ:XT) saw a notable drop in its short interest during December. As of December 15th, the short interest amounted to 30,400 shares, marking a substantial decline of 88.2% from the previous month’s total of 257,100 shares counted on November 30th. Given the average daily trading volume of 179,000 shares for XT, the current days-to-cover ratio stands at just 0.2 days.

Performance of iShares Exponential Technologies ETF Stock

On Friday, shares of the iShares Exponential Technologies ETF opened at $60.68. The ETF boasts a market capitalization of $3.49 billion and maintains a price-to-earnings ratio of 23.27. The beta of the stock is registered at 1.02, indicating its volatility in comparison to the broader market. The ETF has a fifty-day moving average of $60.88 and a two-hundred-day moving average of $59.68. Over the past year, iShares Exponential Technologies ETF has recorded a low of $53.00 and a high of $63.37.

Dividend Announcement by iShares Exponential Technologies ETF

Recently, the iShares Exponential Technologies ETF announced a dividend payment. On December 20th, a dividend of $0.2238 was distributed to shareholders who were recorded as of December 17th. The ex-dividend date was also set on December 17th.

Institutional Investors' Involvement with iShares Exponential Technologies ETF

Several institutional investors have actively bought and sold shares of the iShares Exponential Technologies ETF. For instance, Strategic Financial Concepts LLC purchased a new stake in the ETF during the second quarter, valued at approximately $65,000. Additionally, Jane Street Group LLC significantly increased its stake by 639.8% in the third quarter, leading them to own 98,986 shares valued at about $6,026,000 after acquiring an additional 85,606 shares. Stratos Wealth Advisors LLC also boosted its stake by 37.9% in the third quarter, bringing their ownership to 205,810 shares worth $12,530,000 after acquiring 56,514 shares in that period. Wharton Business Group LLC raised their holdings in the ETF by 137.4% during the same quarter, owning 64,740 shares valued at $3,941,000 after purchasing an extra 37,470 shares. Lastly, Clearwater Capital Advisors LLC increased its position in the ETF by 58.5%, owning 99,520 shares appreciated at $5,855,000 after adding 36,734 shares during the quarter.

About iShares Exponential Technologies ETF

The iShares Exponential Technologies ETF (XT) is an exchange-traded fund that primarily focuses on equity in the information technology sector. This fund tracks an equal-weighted index, providing investors with exposure to companies from both developed and emerging markets that are engaged in or leveraging exponential technologies, as defined by Morningstar.

short, interest, ETFs