iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Unusually-High Trading Volume – Time to Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares saw an uptick in trading volume on Thursday . Approximately 483,798 shares traded hands during mid-day trading, an increase of 161% from the previous session’s volume of 185,252 shares.The stock last traded at $64.37 and had previously closed at $64.67.

iShares Cybersecurity and Tech ETF Trading Up 1.8%

The firm has a market capitalization of $1.10 billion, a PE ratio of 26.03 and a beta of 0.80. The stock’s 50 day moving average price is $59.90 and its two-hundred day moving average price is $51.44.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Hedge funds have recently bought and sold shares of the stock. Key Capital Management INC purchased a new stake in iShares Cybersecurity and Tech ETF during the 4th quarter worth about $28,000. Waverly Advisors LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF during the 1st quarter worth about $44,000. Qube Research & Technologies Ltd purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the second quarter worth about $45,000. Sound Income Strategies LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the fourth quarter worth about $54,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of iShares Cybersecurity and Tech ETF in the fourth quarter valued at approximately $59,000.

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.