iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Stock Short Interest Climbs 107.9%

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 143,148 shares, an increase of 107.9% from the August 31st total of 68,840 shares. Based on an average trading volume of 123,927 shares, the short-interest ratio is currently 1.2 days. Currently, 0.8% of the company’s shares are short sold.

iShares Cybersecurity and Tech ETF Trading Down 0.2%

NYSEARCA:IHAK opened at $66.67 on Wednesday. The stock has a fifty day moving average price of $64.21 and a 200 day moving average price of $56.64. The firm has a market cap of $1.13 billion, a PE ratio of 26.03 and a beta of 0.81. iShares Cybersecurity and Tech ETF has a 12-month low of $40.97 and a 12-month high of $68.91.

Institutional Trading of iShares Cybersecurity and Tech ETF

Institutional investors have recently bought and sold shares of the business. Anchor Investment Management LLC raised its holdings in iShares Cybersecurity and Tech ETF by 16.9% during the fourth quarter. Anchor Investment Management LLC now owns 2,141 shares of the company’s stock worth $103,000 after purchasing an additional 310 shares in the last quarter. Silver Oak Securities Incorporated boosted its holdings in iShares Cybersecurity and Tech ETF by 7.8% in the 1st quarter. Silver Oak Securities Incorporated now owns 8,953 shares of the company’s stock valued at $391,000 after purchasing an additional 648 shares in the last quarter. PFG Investments LLC increased its position in iShares Cybersecurity and Tech ETF by 16.5% during the 1st quarter. PFG Investments LLC now owns 4,860 shares of the company’s stock worth $212,000 after purchasing an additional 689 shares during the period. Western Wealth Management LLC increased its position in iShares Cybersecurity and Tech ETF by 16.9% during the 1st quarter. Western Wealth Management LLC now owns 6,324 shares of the company’s stock worth $276,000 after purchasing an additional 913 shares during the period. Finally, Crescent Grove Advisors LLC raised its stake in shares of iShares Cybersecurity and Tech ETF by 2.9% during the 4th quarter. Crescent Grove Advisors LLC now owns 34,290 shares of the company’s stock worth $1,650,000 after buying an additional 979 shares in 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.