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

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 767,665 shares, an increase of 400.3% from the June 30th total of 153,454 shares. Currently, 4.6% of the shares of the company are short sold. Based on an average trading volume of 181,393 shares, the days-to-cover ratio is currently 4.2 days.

iShares Cybersecurity and Tech ETF Price Performance

Shares of iShares Cybersecurity and Tech ETF stock traded up $0.96 on Friday, reaching $59.85. 212,311 shares of the company traded hands, compared to its average volume of 184,259. iShares Cybersecurity and Tech ETF has a 52 week low of $40.97 and a 52 week high of $66.09. The company has a 50 day moving average of $58.54 and a 200 day moving average of $50.53. The firm has a market capitalization of $993.51 million, a PE ratio of 26.03 and a beta of 0.80.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Several institutional investors have recently bought and sold shares of IHAK. Key Capital Management INC bought a new position in iShares Cybersecurity and Tech ETF during the fourth quarter valued at $28,000. Raleigh Capital Management Inc. bought a new stake in shares of iShares Cybersecurity and Tech ETF in the fourth quarter valued at $42,000. Waverly Advisors LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF in the first quarter valued at $44,000. Qube Research & Technologies Ltd bought a new stake in shares of iShares Cybersecurity and Tech ETF in the second quarter valued at $45,000. Finally, Sound Income Strategies LLC purchased a new position in shares of iShares Cybersecurity and Tech ETF during the 4th quarter valued at $54,000.

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.