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

The iShares Exponential Technologies ETF (NASDAQ:XT) experienced a remarkable reduction in short interest during December. As of December 15th, the total short interest had fallen to 30,400 shares, a decrease of 88.2% compared to the 257,100 shares recorded on November 30th. With an average daily trading volume of 179,000 shares, the current days-to-cover ratio stands at just 0.2 days.

Performance of iShares Exponential Technologies ETF

The stock for iShares Exponential Technologies ETF opened at $60.68 on the recent Friday. It has a market capitalization of $3.49 billion and a price-to-earnings ratio of 23.27, along with a beta of 1.02. The fifty-day moving average is $60.88, while the 200-day moving average stands at $59.68. This ETF has reached a 52-week low of $53.00 and a high of $63.37.

Dividend Announcement for iShares Exponential Technologies ETF

Recently, the company announced a dividend which was paid out on Friday, December 20th. Shareholders on record as of Tuesday, December 17th, received a dividend of $0.2238. The ex-dividend date was also set for Tuesday, December 17th.

Institutional Investment Activity in iShares Exponential Technologies ETF

Several institutional investors have acted in recent weeks, buying and selling shares of the iShares Exponential Technologies ETF. Strategic Financial Concepts LLC acquired a new stake valued at about $65,000 during the second quarter. Furthermore, Jane Street Group LLC significantly increased its stake in the ETF by 639.8% in the third quarter, now holding 98,986 shares worth $6,026,000 after adding 85,606 shares last quarter. Stratos Wealth Advisors LLC also increased its stake by 37.9% during the same period and now owns 205,810 shares valued at $12,530,000. Additionally, Wharton Business Group LLC boosted its holdings by 137.4%, gaining 64,740 shares valued at $3,941,000. Clearwater Capital Advisors LLC raised its position in the ETF by 58.5%, now owning 99,520 shares worth $5,855,000 after purchasing an additional 36,734 shares.

Overview of iShares Exponential Technologies ETF

The iShares Exponential Technologies ETF (XT) is an exchange-traded fund primarily focusing on investments in information technology equities. It tracks an equal-weighted index that gives exposure to companies from developed and emerging markets that are involved in creating or utilizing exponential technologies as outlined by Morningstar.

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