iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Short Interest Up 1,519.3% in June

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 88,299 shares, an increase of 1,519.3% from the May 31st total of 5,453 shares. Based on an average daily trading volume, of 172,651 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.6% of the company’s shares are short sold.

iShares Cybersecurity and Tech ETF Trading Up 1.3%

IHAK stock traded up $0.72 during midday trading on Friday, hitting $55.84. The stock had a trading volume of 58,893 shares, compared to its average volume of 181,526. The firm has a market cap of $882.27 million, a P/E ratio of 26.03 and a beta of 0.82. The business has a fifty day moving average price of $52.94 and a two-hundred day moving average price of $48.64. iShares Cybersecurity and Tech ETF has a 1-year low of $40.97 and a 1-year high of $61.26.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Several large investors have recently added to or reduced their stakes in the business. Sava Penzisko Drushtvo A.D. Skopje acquired a new position in iShares Cybersecurity and Tech ETF in the third quarter valued at approximately $16,709,000. Jane Street Group LLC grew its position in shares of iShares Cybersecurity and Tech ETF by 268.9% during the 4th 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 during the period. Janney Montgomery Scott LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF during the 1st quarter worth approximately $2,084,000. NorthRock Partners LLC increased its stake in shares of iShares Cybersecurity and Tech ETF by 24,940.1% in the 3rd quarter. NorthRock Partners LLC now owns 36,809 shares of the company’s stock valued at $1,926,000 after acquiring an additional 36,662 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of iShares Cybersecurity and Tech ETF by 534.8% in the 1st quarter. Private Advisor Group LLC now owns 31,291 shares of the company’s stock valued at $1,366,000 after acquiring an additional 26,362 shares in the last quarter.

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.