Short Interest in Franklin Exponential Data ETF (BATS:XDAT) Expands By 330.6%

Franklin Exponential Data ETF (BATS:XDAT) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 211 shares, an increase of 330.6% from the July 15th total of 49 shares. Based on an average daily trading volume, of 1,552 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Franklin Exponential Data ETF

A hedge fund recently raised its stake in Franklin Exponential Data ETF stock. Truist Financial Corp boosted its stake in Franklin Exponential Data ETF (BATS:XDAT) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,303 shares of the company’s stock after purchasing an additional 2,566 shares during the period. Truist Financial Corp owned approximately 20.87% of Franklin Exponential Data ETF worth $809,000 at the end of the most recent quarter.

Franklin Exponential Data ETF Stock Performance

XDAT opened at $26.88 on Thursday. The company’s 50-day simple moving average is $24.93 and its two-hundred day simple moving average is $23.49. The stock has a market capitalization of $4.03 million, a P/E ratio of 45.15 and a beta of 1.11. Franklin Exponential Data ETF has a 52-week low of $20.15 and a 52-week high of $28.78.

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.