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

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 13,156 shares, a decline of 49.4% from the April 15th total of 25,976 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 144,096 shares, the short-interest ratio is currently 0.1 days.

iShares Cybersecurity and Tech ETF Stock Down 0.2%

Shares of IHAK stock traded down $0.12 during trading hours on Friday, hitting $52.15. 135,796 shares of the company were exchanged, compared to its average volume of 193,807. The firm has a market cap of $823.97 million, a PE ratio of 26.03 and a beta of 0.76. iShares Cybersecurity and Tech ETF has a 1 year low of $40.97 and a 1 year high of $53.98. The firm has a fifty day moving average of $46.20 and a 200 day moving average of $47.45.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its stake in shares of iShares Cybersecurity and Tech ETF by 4.9% in the first quarter. NewEdge Advisors LLC now owns 8,318 shares of the company’s stock worth $391,000 after buying an additional 390 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in iShares Cybersecurity and Tech ETF by 63.4% in the first quarter. Goldman Sachs Group Inc. now owns 52,553 shares of the company’s stock valued at $2,469,000 after buying an additional 20,390 shares during the last quarter. Jane Street Group LLC bought a new stake in iShares Cybersecurity and Tech ETF in the first quarter valued at about $2,255,000. Baird Financial Group Inc. increased its holdings in iShares Cybersecurity and Tech ETF by 49.7% in the second quarter. Baird Financial Group Inc. now owns 51,752 shares of the company’s stock valued at $2,754,000 after buying an additional 17,184 shares during the last quarter. Finally, Brown Advisory Inc. bought a new stake in iShares Cybersecurity and Tech ETF in the second quarter valued at about $216,000.

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.