iShares Exponential Technologies ETF (NASDAQ:XT) Stock Short Interest Declines 89.0%

iShares Exponential Technologies ETF (NASDAQ:XT) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 3,089 shares, a decline of 89.0% from the October 15th total of 28,128 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 59,790 shares, the short-interest ratio is currently 0.1 days.

iShares Exponential Technologies ETF Trading Down 0.4%

iShares Exponential Technologies ETF stock opened at $82.32 on Wednesday. The stock has a fifty day moving average price of $83.00 and a 200 day moving average price of $78.37. iShares Exponential Technologies ETF has a 52 week low of $65.47 and a 52 week high of $85.85. The firm has a market capitalization of $3.93 billion, a P/E ratio of 30.37 and a beta of 1.16.

Institutional Trading of iShares Exponential Technologies ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XT. Private Advisor Group LLC increased its stake in shares of iShares Exponential Technologies ETF by 136.5% during the 3rd quarter. Private Advisor Group LLC now owns 9,631 shares of the company’s stock valued at $803,000 after acquiring an additional 5,559 shares during the last quarter. Focus Advisor Solutions LLC lifted its holdings in shares of iShares Exponential Technologies ETF by 26.8% during the 3rd quarter. Focus Advisor Solutions LLC now owns 4,008 shares of the company’s stock worth $334,000 after acquiring an additional 847 shares during the period. Prasad Wealth Partners LLC purchased a new position in shares of iShares Exponential Technologies ETF during the 3rd quarter worth about $201,000. HighTower Advisors LLC lifted its holdings in shares of iShares Exponential Technologies ETF by 18.8% during the 3rd quarter. HighTower Advisors LLC now owns 22,520 shares of the company’s stock worth $1,878,000 after acquiring an additional 3,571 shares during the period. Finally, Valmark Advisers Inc. boosted its position in shares of iShares Exponential Technologies ETF by 10.2% in the third quarter. Valmark Advisers Inc. now owns 80,988 shares of the company’s stock worth $6,754,000 after acquiring an additional 7,504 shares during the last quarter.

iShares Exponential Technologies ETF Company Profile

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.