Short Interest in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Decreases By 92.5%

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 5,453 shares, a decrease of 92.5% from the May 14th total of 72,290 shares. Based on an average daily volume of 142,376 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

iShares Cybersecurity and Tech ETF Stock Performance

iShares Cybersecurity and Tech ETF stock traded down $1.00 during mid-day trading on Tuesday, reaching $55.64. 262,023 shares of the company were exchanged, compared to its average volume of 190,600. The business has a fifty day moving average of $50.28 and a 200 day moving average of $48.11. The firm has a market cap of $879.11 million, a P/E ratio of 26.03 and a beta of 0.82. iShares Cybersecurity and Tech ETF has a 12-month low of $40.97 and a 12-month high of $61.26.

Institutional Trading of iShares Cybersecurity and Tech ETF

A number of hedge funds have recently bought and sold shares of the stock. Key Capital Management INC acquired a new position in shares of iShares Cybersecurity and Tech ETF in the 4th quarter valued at $28,000. Raleigh Capital Management Inc. acquired a new position in shares of iShares Cybersecurity and Tech ETF in the 4th quarter valued at $42,000. Waverly Advisors LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF in the 1st quarter valued at $44,000. Qube Research & Technologies Ltd acquired a new position in shares of iShares Cybersecurity and Tech ETF in the 2nd quarter valued at $45,000. Finally, Sound Income Strategies LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF in the 4th quarter valued at $54,000.

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.