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

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 72,290 shares, an increase of 449.5% from the April 30th total of 13,156 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 172,953 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IHAK. Key Capital Management INC purchased a new position in iShares Cybersecurity and Tech ETF in the fourth quarter worth about $28,000. Raleigh Capital Management Inc. purchased a new position in iShares Cybersecurity and Tech ETF in the fourth quarter worth about $42,000. Waverly Advisors LLC purchased a new position in iShares Cybersecurity and Tech ETF in the first quarter worth about $44,000. Qube Research & Technologies Ltd purchased a new position in iShares Cybersecurity and Tech ETF in the second quarter worth about $45,000. Finally, Sound Income Strategies LLC bought a new stake in iShares Cybersecurity and Tech ETF in the fourth quarter worth about $54,000.

iShares Cybersecurity and Tech ETF Stock Up 1.1%

IHAK traded up $0.58 on Thursday, hitting $55.70. The company had a trading volume of 135,006 shares, compared to its average volume of 190,153. The company has a market cap of $880.06 million, a PE ratio of 26.03 and a beta of 0.76. iShares Cybersecurity and Tech ETF has a 12-month low of $40.97 and a 12-month high of $57.18. The business’s fifty day simple moving average is $47.83 and its 200 day simple moving average is $47.62.

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.