Short Interest in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Grows By 449.5%

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 72,290 shares, an increase of 449.5% from the April 30th total of 13,156 shares. Based on an average daily volume of 172,953 shares, the short-interest ratio is presently 0.4 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Trading of iShares Cybersecurity and Tech ETF

Several institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC boosted its stake in iShares Cybersecurity and Tech ETF by 16.9% during the 1st quarter. Western Wealth Management LLC now owns 6,324 shares of the company’s stock valued at $276,000 after purchasing an additional 913 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of iShares Cybersecurity and Tech ETF by 4.0% in the 1st quarter. Royal Bank of Canada now owns 141,754 shares of the company’s stock worth $6,187,000 after buying an additional 5,511 shares during the last quarter. Waverly Advisors LLC purchased a new position in shares of iShares Cybersecurity and Tech ETF in the 1st quarter worth $44,000. Lido Advisors LLC boosted its stake in shares of iShares Cybersecurity and Tech ETF by 5.2% in the 1st quarter. Lido Advisors LLC now owns 38,566 shares of the company’s stock worth $1,683,000 after buying an additional 1,905 shares during the last quarter. Finally, Pacific Sun Financial Corp boosted its stake in shares of iShares Cybersecurity and Tech ETF by 42.6% in the 1st quarter. Pacific Sun Financial Corp now owns 13,713 shares of the company’s stock worth $599,000 after buying an additional 4,096 shares during the last quarter.

iShares Cybersecurity and Tech ETF Trading Up 3.7%

IHAK traded up $2.08 during trading on Friday, hitting $57.78. 96,111 shares of the company’s stock traded hands, compared to its average volume of 189,268. The company’s 50 day simple moving average is $48.30 and its two-hundred day simple moving average is $47.73. iShares Cybersecurity and Tech ETF has a 12-month low of $40.97 and a 12-month high of $57.91. The stock has a market capitalization of $912.92 million, a price-to-earnings ratio of 26.03 and a beta of 0.76.

iShares Cybersecurity and Tech ETF Company Profile

The iShares Cybersecurity and Tech ETF (IHAK) is an exchange-traded fund that is based on the NYSE FactSet Global Cyber Security index. The fund tracks a market cap-selected and -weighted index of large- and mid-cap companies involved in cyber hardware and software. IHAK was launched on Jun 11, 2019 and is managed by BlackRock.