Significant Increase in Short Interest for iShares Exponential Technologies ETF (NASDAQ:XT)

The iShares Exponential Technologies ETF (NASDAQ:XT) has experienced a notable rise in short interest throughout November. By the end of the month, there were 257,100 shares held short, marking an impressive 235.2% increase compared to the short interest of 76,700 shares two weeks prior, on November 15. With an average trading volume of 142,600 shares, this leads to a current short-interest ratio of 1.8 days.

Institutional Investors' Engagement with iShares Exponential Technologies ETF

In recent months, a number of institutional investors and hedge funds have adjusted their holdings in the iShares Exponential Technologies ETF. Notably, Alpha Financial Advisors LLC increased its ownership by 1.2% during the third quarter, bringing its total to 371,483 shares valued at approximately $22.6 million, following the acquisition of an additional 4,289 shares. Similarly, Stratos Wealth Advisors LLC raised its stake substantially, by 37.9%, acquiring 56,514 additional shares for a total of 205,810 shares worth about $12.53 million. Stratos Investment Management LLC also bolstered its stake by 18.8%. AlphaCore Capital LLC increased its holdings by 4.8%, while Strategic Financial Concepts LLC entered the market with a new position, investing approximately $65,000 in the second quarter.

Performance of iShares Exponential Technologies ETF Stock

As of Thursday, the iShares Exponential Technologies ETF's stock was trading at $62.37. The ETF has a 50-day moving average price of $60.81 and a 200-day moving average price of $59.49. It boasts a market capitalization of $3.59 billion, a price-to-earnings ratio of 23.27, and a beta value of 1.02. Over the past year, the ETF recorded a low of $53.00 and a high of $63.37.

About iShares Exponential Technologies ETF

The iShares Exponential Technologies ETF is an exchange-traded fund that primarily invests in equity related to information technology. It follows an equal-weighted index that includes companies from both developed and emerging markets involved in the development or application of exponential technologies, as defined by Morningstar.

iShares, ETF, Stocks