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

by · The Cerbat Gem

iShares Exponential Technologies ETF (NASDAQ:XT – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 6,584 shares, a drop of 34.5% from the May 31st total of 10,047 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 101,889 shares, the short-interest ratio is presently 0.1 days.

iShares Exponential Technologies ETF Stock Performance

XT stock opened at $82.41 on Thursday. The company’s fifty day moving average price is $80.06 and its 200-day moving average price is $74.21. iShares Exponential Technologies ETF has a one year low of $64.66 and a one year high of $84.23. The company has a market capitalization of $4.16 billion, a PE ratio of 26.41 and a beta of 1.13.

iShares Exponential Technologies ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $0.3581 dividend. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XT. Morgan Stanley lifted its position in shares of iShares Exponential Technologies ETF by 523.0% in the fourth quarter. Morgan Stanley now owns 1,512,452 shares of the company’s stock worth $105,478,000 after buying an additional 1,269,670 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in iShares Exponential Technologies ETF by 5,379.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,257,785 shares of the company’s stock worth $87,718,000 after acquiring an additional 1,234,832 shares during the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of iShares Exponential Technologies ETF by 683.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 824,495 shares of the company’s stock worth $53,798,000 after acquiring an additional 719,245 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares Exponential Technologies ETF by 143.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 641,593 shares of the company’s stock worth $41,912,000 after acquiring an additional 378,264 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of iShares Exponential Technologies ETF by 20.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 303,431 shares of the company’s stock valued at $21,161,000 after acquiring an additional 51,118 shares during the last quarter.

iShares Exponential Technologies ETF Company Profile

(Get Free Report)

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. XT was launched on Mar 19, 2015 and is managed by BlackRock.

Featured Articles