iShares Exponential Technologies ETF (NASDAQ:XT) Sees Significant Surge in Short Interest

On December 12, 2024, the iShares Exponential Technologies ETF (NASDAQ:XT) experienced a notable increase in short interest during November. As of November 30, the ETF had a short interest totaling 257,100 shares, which marks a substantial rise of 235.2% compared to the previous total of 76,700 shares on November 15. Given the average trading volume of 142,600 shares, the current short-interest ratio stands at 1.8 days.

Institutional Activity in iShares Exponential Technologies ETF

Recently, various institutional investors and hedge funds have modified their positions in the iShares Exponential Technologies ETF. For instance, Alpha Financial Advisors LLC increased its stake by 1.2% in the third quarter, now holding 371,483 shares valued at approximately $22.62 million after acquiring an additional 4,289 shares during that time. Similarly, Stratos Wealth Advisors LLC raised its position by 37.9%, owning 205,810 shares worth about $12.53 million after adding 56,514 shares in the last quarter. Stratos Investment Management LLC also raised its stake by 18.8%, currently holding 183,218 shares valued at $11.15 million following a purchase of 29,058 shares. Additionally, AlphaCore Capital LLC increased its holding by 4.8%, now owning 173,464 shares worth approximately $10.56 million after a 7,888-share addition. Furthermore, Strategic Financial Concepts LLC entered a new position in the ETF during the second quarter, with an estimated value of around $65,000.

Current Performance of iShares Exponential Technologies ETF

As of the latest trading session, shares of the iShares Exponential Technologies ETF opened at $62.37, marking a 1.0% increase. The ETF has a 50-day moving average price of $60.81 and a two-hundred-day average price of $59.49. The market capitalization of the ETF is approximately $3.59 billion, with a price-to-earnings ratio of 23.27 and a beta of 1.02. The ETF recorded a 52-week low of $53.00 and a 52-week high of $63.37.

Overview of iShares Exponential Technologies ETF

The iShares Exponential Technologies ETF (XT) is an exchange-traded fund that primarily invests in equity within the information technology sector. It tracks an equal-weighted index that provides exposure to businesses from both developed and emerging markets that create or utilize exponential technologies, as defined by Morningstar.

iShares, Growth, ETF