Short Interest in iShares Exponential Technologies ETF (NASDAQ:XT) Falls 88.2%

The iShares Exponential Technologies ETF (NASDAQ:XT) experienced a notable reduction in short interest for the month of December. As of December 15th, the total short interest stood at 30,400 shares, which marks an impressive decline of 88.2% from the 257,100 shares reported on November 30th. When taking into account the average daily trading volume of 179,000 shares, the current days-to-cover ratio for the ETF is just 0.2 days.

Performance of iShares Exponential Technologies ETF

On the trading day of Friday, December 20th, the iShares Exponential Technologies ETF opened at a price of $60.68. The ETF has a market capitalization of approximately $3.49 billion. Its price-to-earnings ratio is recorded at 23.27, and it has a beta value of 1.02, indicating a correlation to market movements. The ETF's fifty-day moving average is $60.88, while its 200-day moving average is at $59.68. The ETF also has a 52-week trading range, with a low of $53.00 and a high of $63.37.

Dividend Announcement

Recently, the iShares Exponential Technologies ETF announced a dividend which was paid on December 20th. Shareholders who were on record as of December 17th received a dividend of $0.2238 per share. The ex-dividend date was also noted to be December 17th.

Activity Among Institutional Investors

Several institutional investors have made moves to adjust their holdings in the iShares Exponential Technologies ETF. For instance, Strategic Financial Concepts LLC acquired a new position valued at around $65,000 in the second quarter. In the third quarter, Jane Street Group LLC increased its stake by 639.8%, acquiring an additional 85,606 shares to own a total of 98,986 shares, worth $6,026,000. Similarly, Stratos Wealth Advisors LLC also raised its position by 37.9%, ending up with 205,810 shares valued at $12,530,000 after buying an additional 56,514 shares. Furthermore, Wharton Business Group LLC reported a 137.4% increase in holdings, now having 64,740 shares valued at $3,941,000. Additionally, Clearwater Capital Advisors LLC expanded its stake by 58.5%, acquiring 36,734 additional shares and totaling 99,520 shares valued at $5,855,000.

Company Overview of iShares Exponential Technologies ETF

The iShares Exponential Technologies ETF (XT) is an exchange-traded fund that predominantly invests in technology stocks. It follows an equal-weighted index that focuses on companies from both developed and emerging markets engaged in creating or utilizing exponential technologies as categorized by Morningstar.

ShortInterest, ETF, Performance