Franklin Exponential Data ETF (BATS:XDAT) Sees Large Growth in Short Interest

Franklin Exponential Data ETF (BATS:XDAT) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 1,799 shares, an increase of 16,254.5% from the April 30th total of 11 shares. Based on an average trading volume of 974 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Franklin Exponential Data ETF

An institutional investor recently raised its position in Franklin Exponential Data ETF stock. Truist Financial Corp grew its stake in shares of Franklin Exponential Data ETF (BATS:XDAT) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,303 shares of the company’s stock after purchasing an additional 2,566 shares during the quarter. Truist Financial Corp owned approximately 20.87% of Franklin Exponential Data ETF worth $809,000 as of its most recent SEC filing.

Franklin Exponential Data ETF Trading Down 0.7%

Franklin Exponential Data ETF stock traded down $0.18 during midday trading on Wednesday, hitting $24.32. The stock had a trading volume of 35 shares, compared to its average volume of 705. The stock has a market cap of $3.65 million, a P/E ratio of 45.15 and a beta of 1.11. Franklin Exponential Data ETF has a 12 month low of $20.15 and a 12 month high of $28.78. The business has a fifty day moving average price of $22.54 and a 200 day moving average price of $23.85.

Franklin Exponential Data ETF Company Profile

The Franklin Exponential Data ETF (XDAT) is an exchange-traded fund that mostly invests in information technology equity. The fund is actively-managed to invest in global companies believed to benefit from or facilitate Big Data and its applications such as AI, augmented and virtual reality, software-as-a-service, and personalized advertising and healthcare. XDAT was launched on Jan 12, 2021 and is managed by Franklin Templeton.