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

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAKGet Free Report) was the target of a large decrease in short interest during the month of 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. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 142,376 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of iShares Cybersecurity and Tech ETF

A number of hedge funds have recently added to or reduced their stakes in IHAK. Sava Penzisko Drushtvo A.D. Skopje purchased a new stake in iShares Cybersecurity and Tech ETF during the third quarter worth $16,709,000. Jane Street Group LLC boosted its holdings in iShares Cybersecurity and Tech ETF by 268.9% during the fourth quarter. Jane Street Group LLC now owns 88,948 shares of the company’s stock worth $4,280,000 after buying an additional 64,835 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in iShares Cybersecurity and Tech ETF during the first quarter worth $2,084,000. NorthRock Partners LLC boosted its holdings in iShares Cybersecurity and Tech ETF by 24,940.1% during the third quarter. NorthRock Partners LLC now owns 36,809 shares of the company’s stock worth $1,926,000 after buying an additional 36,662 shares in the last quarter. Finally, First Heartland Consultants Inc. purchased a new stake in iShares Cybersecurity and Tech ETF during the third quarter worth $1,512,000.

iShares Cybersecurity and Tech ETF Stock Performance

Shares of IHAK traded up $1.01 during trading hours on Thursday, hitting $56.13. The stock had a trading volume of 130,970 shares, compared to its average volume of 189,286. The firm has a 50-day moving average price of $50.52 and a 200 day moving average price of $48.16. iShares Cybersecurity and Tech ETF has a fifty-two week low of $40.97 and a fifty-two week high of $61.26. The firm has a market capitalization of $886.85 million, a price-to-earnings ratio of 26.03 and a beta of 0.82.

iShares Cybersecurity and Tech ETF Company Profile

(Get Free Report)

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.

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