Franklin Exponential Data ETF (BATS:XDAT) Stock Jumps 1.5% – Time to Buy?

Shares of Franklin Exponential Data ETF (BATS:XDAT) traded up 1.5% during mid-day trading on Monday. The stock traded as high as $26.36 and last traded at $26.36. Approximately 9 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 771 shares. The stock had previously closed at $25.96.

Franklin Exponential Data ETF Stock Up 2.0%

The company has a market cap of $4.03 million, a price-to-earnings ratio of 45.15 and a beta of 1.11. The company’s 50-day moving average is $27.18 and its 200 day moving average is $25.22.

Institutional Investors Weigh In On Franklin Exponential Data ETF

An institutional investor recently raised its stake in Franklin Exponential Data ETF stock. Citadel Advisors LLC increased its stake in shares of Franklin Exponential Data ETF (BATS:XDAT) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,544 shares of the company’s stock after purchasing an additional 1,181 shares during the period. Citadel Advisors LLC owned 11.70% of Franklin Exponential Data ETF worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

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.