iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Significant Growth in Short Interest

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAKGet Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 148,599 shares, an increase of 162.0% from the July 30th total of 56,726 shares. Based on an average daily trading volume, of 187,495 shares, the short-interest ratio is presently 0.8 days. Currently, 0.9% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

A number of large investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd bought a new position in shares of iShares Cybersecurity and Tech ETF in the second quarter valued at approximately $45,000. Waverly Advisors LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF during the 1st quarter worth $44,000. Cullen Frost Bankers Inc. acquired a new position in iShares Cybersecurity and Tech ETF in the 4th quarter valued at $59,000. Wells Fargo & Company MN grew its stake in iShares Cybersecurity and Tech ETF by 211.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,425 shares of the company’s stock valued at $69,000 after buying an additional 967 shares during the last quarter. Finally, National Bank of Canada FI bought a new position in iShares Cybersecurity and Tech ETF in the 3rd quarter worth $76,000.

iShares Cybersecurity and Tech ETF Stock Performance

Shares of IHAK traded down $1.43 during trading hours on Friday, hitting $65.41. 106,608 shares of the company were exchanged, compared to its average volume of 181,358. The company has a market cap of $1.09 billion, a PE ratio of 26.03 and a beta of 0.80. The firm’s 50 day moving average is $62.35 and its 200-day moving average is $53.34. iShares Cybersecurity and Tech ETF has a 52 week low of $40.97 and a 52 week high of $68.45.

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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