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

iShares Exponential Technologies ETF (NASDAQ:XT) was the recipient of a large 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 101,889 shares, the days-to-cover ratio is currently 0.1 days.

iShares Exponential Technologies ETF Stock Performance

Shares of XT opened at $82.24 on Friday. The firm has a market cap of $3.94 billion, a P/E ratio of 26.41 and a beta of 1.13. iShares Exponential Technologies ETF has a 12-month low of $64.66 and a 12-month high of $84.23. The company’s 50-day moving average price is $80.36 and its 200 day moving average price is $74.32.

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 given a dividend of $0.3581 per share. The ex-dividend date was Monday, June 15th.

Institutional Investors Weigh In On iShares Exponential Technologies ETF

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

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.