Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Drops By 92.3%

iShares Exponential Technologies ETF (NASDAQ:XT) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 20,512 shares, a drop of 92.3% from the December 31st total of 265,782 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 67,190 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 67,190 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Benchmark Financial Wealth Advisors LLC increased its holdings in iShares Exponential Technologies ETF by 7.7% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 3,323 shares of the company’s stock worth $232,000 after buying an additional 238 shares during the last quarter. Valmark Advisers Inc. grew its position in shares of iShares Exponential Technologies ETF by 5.7% in the 4th quarter. Valmark Advisers Inc. now owns 71,642 shares of the company’s stock valued at $4,996,000 after acquiring an additional 3,881 shares during the period. Farther Finance Advisors LLC increased its stake in shares of iShares Exponential Technologies ETF by 18.8% during the 4th quarter. Farther Finance Advisors LLC now owns 8,496 shares of the company’s stock worth $592,000 after purchasing an additional 1,345 shares during the last quarter. LOM Asset Management Ltd raised its holdings in shares of iShares Exponential Technologies ETF by 41.7% in the 4th quarter. LOM Asset Management Ltd now owns 1,700 shares of the company’s stock valued at $119,000 after purchasing an additional 500 shares during the period. Finally, Optima Capital LLC acquired a new stake in iShares Exponential Technologies ETF in the 4th quarter valued at about $25,000.

iShares Exponential Technologies ETF Stock Up 0.8%

Shares of XT traded up $0.61 during trading hours on Tuesday, reaching $73.38. The stock had a trading volume of 99,026 shares, compared to its average volume of 75,384. The company has a market cap of $3.77 billion, a P/E ratio of 26.41 and a beta of 1.10. iShares Exponential Technologies ETF has a 52 week low of $49.01 and a 52 week high of $76.29. The firm has a 50-day moving average of $72.20 and a 200 day moving average of $70.92.

iShares Exponential Technologies ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $5.3322 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 1,542.0%.

About iShares Exponential Technologies ETF

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.