Franklin Exponential Data ETF (BATS:XDAT) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Franklin Exponential Data ETF (BATS:XDAT)’s share price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $24.54 and traded as low as $24.10. Franklin Exponential Data ETF shares last traded at $24.53, with a volume of 816 shares changing hands.

Franklin Exponential Data ETF Stock Down 0.5%

The firm’s fifty day moving average price is $26.85 and its 200 day moving average price is $24.54. The stock has a market cap of $3.68 million, a PE ratio of 34.43 and a beta of 1.13.

Hedge Funds Weigh In On Franklin Exponential Data ETF

A hedge fund recently raised its stake in Franklin Exponential Data ETF stock. Citadel Advisors LLC raised its stake in Franklin Exponential Data ETF (BATS:XDAT) by 7.2% during the second 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 acquiring an additional 1,181 shares during the period. 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.