iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Short Interest Update

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 68,840 shares, a drop of 53.7% from the August 15th total of 148,599 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 170,236 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Large investors have recently added to or reduced their stakes in the stock. Waverly Advisors LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF in the first quarter valued at about $44,000. Cullen Frost Bankers Inc. purchased a new position in iShares Cybersecurity and Tech ETF during the 4th quarter valued at about $59,000. Bessemer Group Inc. bought a new stake in shares of iShares Cybersecurity and Tech ETF in the 1st quarter valued at about $65,000. AlphaCore Capital LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF in the 4th quarter worth approximately $85,000. Finally, Anchor Investment Management LLC boosted its stake in shares of iShares Cybersecurity and Tech ETF by 16.9% during the fourth quarter. Anchor Investment Management LLC now owns 2,141 shares of the company’s stock valued at $103,000 after purchasing an additional 310 shares in the last quarter.

iShares Cybersecurity and Tech ETF Trading Up 1.7%

Shares of NYSEARCA IHAK traded up $1.13 during midday trading on Tuesday, hitting $67.33. The company’s stock had a trading volume of 212,497 shares, compared to its average volume of 179,437. iShares Cybersecurity and Tech ETF has a 12-month low of $40.97 and a 12-month high of $68.45. The firm has a market cap of $1.12 billion, a P/E ratio of 26.03 and a beta of 0.81. The business’s 50 day moving average is $63.35 and its two-hundred day moving average is $54.87.

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.