Franklin Exponential Data ETF (BATS:XDAT) Trading Up 2.1% – What’s Next?

Franklin Exponential Data ETF (BATS:XDAT)’s share price was up 2.1% during trading on Friday . The company traded as high as $23.23 and last traded at $23.18. Approximately 5,314 shares changed hands during mid-day trading, an increase of 589% from the average daily volume of 771 shares. The stock had previously closed at $22.70.

Franklin Exponential Data ETF Price Performance

The firm has a market capitalization of $3.48 million, a P/E ratio of 45.15 and a beta of 1.11. The stock’s fifty day simple moving average is $21.93 and its 200 day simple moving average is $24.35.

Hedge Funds Weigh In On Franklin Exponential Data ETF

A hedge fund recently raised its stake in Franklin Exponential Data ETF stock. Truist Financial Corp boosted its position in Franklin Exponential Data ETF (BATS:XDAT) by 10.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,737 shares of the company’s stock after purchasing an additional 2,795 shares during the quarter. Truist Financial Corp owned approximately 19.16% of Franklin Exponential Data ETF worth $805,000 at the end of the most recent reporting period.

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.