Franklin Exponential Data ETF (BATS:XDAT) Stock Price Down 1.3% – Here’s Why

Franklin Exponential Data ETF (BATS:XDAT)’s stock price traded down 1.3% during mid-day trading on Friday . The stock traded as low as $27.08 and last traded at $27.08. Approximately 64 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 754 shares. The stock had previously closed at $27.43.

Franklin Exponential Data ETF Stock Performance

The stock has a 50-day simple moving average of $25.93 and a 200 day simple moving average of $24.27. The company has a market cap of $4.06 million, a P/E ratio of 45.15 and a beta of 1.11.

Institutional Trading of Franklin Exponential Data ETF

An institutional investor recently raised its position in Franklin Exponential Data ETF stock. Citadel Advisors LLC raised its holdings in Franklin Exponential Data ETF (BATS:XDAT) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,544 shares of the company’s stock after purchasing an additional 1,181 shares during the quarter. Citadel Advisors LLC owned approximately 11.70% of Franklin Exponential Data ETF worth $438,000 as of its most recent SEC filing.

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.