iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Short Interest Down 92.5% in May

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 5,453 shares, a decrease of 92.5% from the May 14th total of 72,290 shares. Based on an average trading volume of 142,376 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

A number of large investors have recently bought and sold shares of IHAK. Key Capital Management INC bought a new stake in iShares Cybersecurity and Tech ETF in the fourth quarter worth $28,000. Raleigh Capital Management Inc. bought a new stake in iShares Cybersecurity and Tech ETF in the fourth quarter worth $42,000. Waverly Advisors LLC bought a new stake in iShares Cybersecurity and Tech ETF in the first quarter worth $44,000. Qube Research & Technologies Ltd bought a new stake in iShares Cybersecurity and Tech ETF in the second quarter worth $45,000. Finally, Sound Income Strategies LLC bought a new stake in iShares Cybersecurity and Tech ETF in the fourth quarter worth $54,000.

iShares Cybersecurity and Tech ETF Stock Performance

Shares of NYSEARCA IHAK traded down $0.41 during mid-day trading on Wednesday, reaching $55.23. The company had a trading volume of 101,238 shares, compared to its average volume of 189,760. iShares Cybersecurity and Tech ETF has a twelve month low of $40.97 and a twelve month high of $61.26. The stock has a market capitalization of $872.63 million, a PE ratio of 26.03 and a beta of 0.82. The stock’s 50 day moving average is $50.28 and its 200-day moving average is $48.11.

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.