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

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the target of 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. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 172,651 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Key Capital Management INC purchased a new position in iShares Cybersecurity and Tech ETF during the fourth quarter worth approximately $28,000. Raleigh Capital Management Inc. acquired a new stake in shares of iShares Cybersecurity and Tech ETF during the 4th quarter worth $42,000. Waverly Advisors LLC purchased a new position in shares of iShares Cybersecurity and Tech ETF in the 1st quarter worth $44,000. Qube Research & Technologies Ltd purchased a new position in shares of iShares Cybersecurity and Tech ETF in the 2nd quarter worth $45,000. Finally, Sound Income Strategies LLC acquired a new stake in iShares Cybersecurity and Tech ETF during the fourth quarter worth about $54,000.

iShares Cybersecurity and Tech ETF Stock Performance

NYSEARCA IHAK traded up $2.11 during trading hours on Friday, hitting $57.23. 611,918 shares of the company’s stock were exchanged, compared to its average volume of 186,555. The business’s 50 day moving average is $53.18 and its 200-day moving average is $48.70. iShares Cybersecurity and Tech ETF has a 12-month low of $40.97 and a 12-month high of $61.26. The firm has a market capitalization of $904.23 million, a P/E ratio of 26.03 and a beta of 0.82.

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.