iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Short Interest Down 53.7% in August

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 68,840 shares, a decrease of 53.7% from the August 15th total of 148,599 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 170,236 shares, the days-to-cover ratio is currently 0.4 days.

iShares Cybersecurity and Tech ETF Price Performance

Shares of IHAK opened at $61.42 on Monday. iShares Cybersecurity and Tech ETF has a 52-week low of $40.97 and a 52-week high of $68.45. The stock has a fifty day simple moving average of $63.31 and a two-hundred day simple moving average of $54.70. The company has a market capitalization of $1.03 billion, a PE ratio of 26.03 and a beta of 0.81.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new position in iShares Cybersecurity and Tech ETF in the 2nd quarter valued at about $45,000. Waverly Advisors LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the 1st quarter valued at approximately $44,000. Cullen Frost Bankers Inc. purchased a new stake in iShares Cybersecurity and Tech ETF in the fourth quarter valued at $59,000. Wells Fargo & Company MN lifted its stake in shares of iShares Cybersecurity and Tech ETF by 211.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,425 shares of the company’s stock valued at $69,000 after purchasing an additional 967 shares during the last quarter. Finally, National Bank of Canada FI purchased a new position in shares of iShares Cybersecurity and Tech ETF during the 3rd quarter worth $76,000.

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.