Short Interest in Franklin Exponential Data ETF (BATS:XDAT) Drops By 75.0%

Franklin Exponential Data ETF (BATS:XDAT) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 11 shares, a decrease of 75.0% from the April 15th total of 44 shares. Based on an average daily volume of 636 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Franklin Exponential Data ETF Stock Performance

BATS:XDAT opened at $23.30 on Wednesday. The firm’s fifty day moving average is $22.22 and its 200-day moving average is $24.15. Franklin Exponential Data ETF has a 52 week low of $20.15 and a 52 week high of $28.78. The firm has a market cap of $3.50 million, a P/E ratio of 45.15 and a beta of 1.11.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Franklin Exponential Data ETF stock. Truist Financial Corp lifted its stake in shares of Franklin Exponential Data ETF (BATS:XDAT) by 10.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,737 shares of the company’s stock after acquiring an additional 2,795 shares during the period. Truist Financial Corp owned 19.16% of Franklin Exponential Data ETF worth $805,000 at the end of the most recent reporting period.

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.