Short Interest in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Declines By 92.6%

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 56,726 shares, a decline of 92.6% from the July 15th total of 767,665 shares. Based on an average trading volume of 170,629 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in iShares Cybersecurity and Tech ETF by 0.8% in the 3rd quarter. Bank of America Corp DE now owns 1,846,910 shares of the company’s stock valued at $96,649,000 after acquiring an additional 15,129 shares during the period. Annex Advisory Services LLC bought a new position in iShares Cybersecurity and Tech ETF during the second quarter worth about $28,915,000. Scotia Capital Inc. increased its stake in shares of iShares Cybersecurity and Tech ETF by 13.1% in the third quarter. Scotia Capital Inc. now owns 153,529 shares of the company’s stock worth $8,034,000 after purchasing an additional 17,803 shares in the last quarter. Royal Bank of Canada raised its position in shares of iShares Cybersecurity and Tech ETF by 4.0% in the first quarter. Royal Bank of Canada now owns 141,754 shares of the company’s stock valued at $6,187,000 after purchasing an additional 5,511 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of iShares Cybersecurity and Tech ETF by 4.1% in the second quarter. Ameriprise Financial Inc. now owns 141,667 shares of the company’s stock valued at $7,534,000 after purchasing an additional 5,560 shares during the period.

iShares Cybersecurity and Tech ETF Trading Up 0.2%

Shares of NYSEARCA:IHAK traded up $0.11 during mid-day trading on Tuesday, reaching $66.83. The company had a trading volume of 144,495 shares, compared to its average volume of 184,347. iShares Cybersecurity and Tech ETF has a one year low of $40.97 and a one year high of $67.35. The company’s 50-day moving average price is $60.14 and its 200-day moving average price is $51.73. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80.

About iShares Cybersecurity and Tech ETF

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.