Franklin Exponential Data ETF (BATS:XDAT) Trading Down 0.7% – Here’s Why

Franklin Exponential Data ETF (BATS:XDAT)’s stock price was down 0.7% on Thursday . The company traded as low as $22.31 and last traded at $22.31. Approximately 36 shares were traded during trading, a decline of 95% from the average daily volume of 693 shares. The stock had previously closed at $22.47.

Franklin Exponential Data ETF Stock Down 0.7%

The firm’s fifty day simple moving average is $22.90 and its 200-day simple moving average is $25.59. The firm has a market capitalization of $3.35 million, a PE ratio of 45.15 and a beta of 1.11.

Hedge Funds Weigh In On Franklin Exponential Data ETF

A hedge fund recently raised its stake in Franklin Exponential Data ETF stock. Truist Financial Corp raised its holdings in shares of Franklin Exponential Data ETF (BATS:XDAT) by 8.9% during the 4th quarter, according to the company in its most recent 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 period. Truist Financial Corp owned approximately 20.87% of Franklin Exponential Data ETF worth $809,000 at the end of the most recent quarter.

About Franklin Exponential Data ETF

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.