iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Stock Short Interest Report for October

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 105,616 shares, a growth of 543.1% from the October 15th total of 16,422 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 335,638 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Annex Advisory Services LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF in the third quarter worth $69,418,000. Wharton Business Group LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF during the third quarter valued at $15,433,000. Howland Capital Management LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF during the third quarter valued at $6,252,000. Nelson Capital Management LLC purchased a new stake in iShares Cybersecurity and Tech ETF during the 3rd quarter worth about $6,195,000. Finally, Royal Bank of Canada increased its position in iShares Cybersecurity and Tech ETF by 4.0% during the 1st quarter. Royal Bank of Canada now owns 141,754 shares of the company’s stock worth $6,187,000 after purchasing an additional 5,511 shares in the last quarter.

iShares Cybersecurity and Tech ETF Stock Performance

IHAK traded down $1.41 during trading on Friday, hitting $66.93. The stock had a trading volume of 92,418 shares, compared to its average volume of 194,363. The firm has a market capitalization of $1.16 billion, a P/E ratio of 31.88 and a beta of 0.77. iShares Cybersecurity and Tech ETF has a twelve month low of $40.97 and a twelve month high of $77.73. The company’s 50-day moving average price is $68.70 and its 200 day moving average price is $57.03.

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.