Short Interest in Franklin Exponential Data ETF (BATS:XDAT) Decreases By 90.1%

Franklin Exponential Data ETF (BATS:XDAT) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 141 shares, a decline of 90.1% from the May 31st total of 1,421 shares. Based on an average daily volume of 970 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of Franklin Exponential Data ETF

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

Franklin Exponential Data ETF Trading Up 2.4%

BATS XDAT opened at $23.93 on Friday. The stock has a market cap of $3.59 million, a PE ratio of 45.15 and a beta of 1.11. Franklin Exponential Data ETF has a twelve month low of $20.15 and a twelve month high of $28.78. The stock has a fifty day simple moving average of $24.07 and a 200-day simple moving average of $23.64.

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.