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

The iShares Exponential Technologies ETF (NASDAQ:XT) experienced a notable reduction in short interest during December 2024. As of December 15th, the total short interest was at 30,400 shares, representing an impressive decline of 88.2% compared to the November 30th figure of 257,100 shares. With an average daily trading volume of 179,000 shares, the current days-to-cover ratio stands at approximately 0.2 days.

Performance Overview of iShares Exponential Technologies ETF

As of last Friday, shares of the iShares Exponential Technologies ETF opened with a price of $60.68. This ETF boasts a market capitalization of $3.49 billion, a price-to-earnings ratio of 23.27, and a beta of 1.02, indicating a performance closely aligned with the market. The ETF's fifty-day moving average is $60.88, whereas the 200-day moving average is $59.68. The shares have ranged between a 52-week low of $53.00 and a 52-week high of $63.37.

Dividend Announcement from iShares Exponential Technologies ETF

In addition to changes in short interest, the company has recently announced a dividend. The dividend was paid out on December 20th, amounting to $0.2238 per share. Stockholders who were on record as of December 17th received this payment, with the ex-dividend date also set for December 17th.

Institutional Investments in iShares Exponential Technologies ETF

Recently, several institutional investors have made adjustments to their stakes in the iShares Exponential Technologies ETF. For example, Strategic Financial Concepts LLC made a new investment valued at around $65,000 in the second quarter. During the third quarter, Jane Street Group LLC notably increased its holdings by 639.8%, now owning a total of 98,986 shares worth about $6,026,000 after acquiring an additional 85,606 shares. Stratos Wealth Advisors LLC also raised its ownership by 37.9%, holding 205,810 shares valued at $12,530,000 after an increase of 56,514 shares. Additionally, Wharton Business Group LLC increased its stake by 137.4%, owning 64,740 shares worth $3,941,000 after adding 37,470 shares. Lastly, Clearwater Capital Advisors LLC boosted its position by 58.5%, now holding 99,520 shares valued at $5,855,000.

About the iShares Exponential Technologies ETF

The iShares Exponential Technologies ETF, also known as XT, is an exchange-traded fund focused primarily on investments in the information technology sector. The fund aims to track an equal-weighted index that gives investors exposure to companies—both from developed and emerging markets—that are engaged in the creation or utilization of exponential technologies as defined by Morningstar.

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