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

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 153,454 shares, a growth of 73.8% from the June 15th total of 88,299 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 153,184 shares, the short-interest ratio is currently 1.0 days.

iShares Cybersecurity and Tech ETF Stock Down 0.9%

iShares Cybersecurity and Tech ETF stock opened at $63.44 on Friday. The stock has a 50-day simple moving average of $57.40 and a 200 day simple moving average of $50.00. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80. iShares Cybersecurity and Tech ETF has a 12-month low of $40.97 and a 12-month high of $66.09.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Dara Capital US Inc. bought a new stake in shares of iShares Cybersecurity and Tech ETF during the fourth quarter worth $824,000. Private Advisor Group LLC boosted its holdings in iShares Cybersecurity and Tech ETF by 534.8% in the first quarter. Private Advisor Group LLC now owns 31,291 shares of the company’s stock valued at $1,366,000 after acquiring an additional 26,362 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in iShares Cybersecurity and Tech ETF in the first quarter worth about $2,084,000. Envestnet Asset Management Inc. increased its position in iShares Cybersecurity and Tech ETF by 25.6% in the third quarter. Envestnet Asset Management Inc. now owns 11,397 shares of the company’s stock worth $596,000 after purchasing an additional 2,322 shares during the period. Finally, Susquehanna International Group LLP raised its holdings in iShares Cybersecurity and Tech ETF by 45.9% during the 3rd quarter. Susquehanna International Group LLP now owns 9,437 shares of the company’s stock worth $494,000 after purchasing an additional 2,968 shares during the last quarter.

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.