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

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 153,454 shares, an increase of 73.8% from the June 15th total of 88,299 shares. Based on an average daily trading volume, of 153,184 shares, the short-interest ratio is currently 1.0 days. Approximately 1.0% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Annex Advisory Services LLC bought a new stake in iShares Cybersecurity and Tech ETF during the 2nd quarter worth approximately $28,915,000. Warner Financial Inc. lifted its stake in iShares Cybersecurity and Tech ETF by 87.4% in the second quarter. Warner Financial Inc. now owns 9,850 shares of the company’s stock valued at $598,000 after buying an additional 4,595 shares in the last quarter. Western Wealth Management LLC lifted its stake in iShares Cybersecurity and Tech ETF by 16.9% in the first quarter. Western Wealth Management LLC now owns 6,324 shares of the company’s stock valued at $276,000 after buying an additional 913 shares in the last quarter. Royal Bank of Canada boosted its holdings 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 buying an additional 5,511 shares during the period. Finally, Waverly Advisors LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF in the first quarter valued at approximately $44,000.

iShares Cybersecurity and Tech ETF Trading Up 0.4%

Shares of iShares Cybersecurity and Tech ETF stock opened at $63.68 on Friday. iShares Cybersecurity and Tech ETF has a 12 month low of $40.97 and a 12 month high of $66.09. The stock’s fifty day simple moving average is $57.64 and its 200 day simple moving average is $50.09. The company has a market capitalization of $1.01 billion, a PE 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.