Short Interest in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Increases By 1,519.3%

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 88,299 shares, an increase of 1,519.3% from the May 31st total of 5,453 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 172,651 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IHAK. Key Capital Management INC purchased a new position in iShares Cybersecurity and Tech ETF during the fourth quarter worth about $28,000. Raleigh Capital Management Inc. purchased a new stake in iShares Cybersecurity and Tech ETF in the 4th quarter valued at about $42,000. Waverly Advisors LLC purchased a new stake in iShares Cybersecurity and Tech ETF in the 1st quarter valued at about $44,000. Qube Research & Technologies Ltd bought a new position in shares of iShares Cybersecurity and Tech ETF during the 2nd quarter worth approximately $45,000. Finally, Sound Income Strategies LLC bought a new position in shares of iShares Cybersecurity and Tech ETF during the 4th quarter worth approximately $54,000.

iShares Cybersecurity and Tech ETF Trading Up 0.7%

iShares Cybersecurity and Tech ETF stock traded up $0.38 during trading on Thursday, hitting $55.12. 119,201 shares of the company were exchanged, compared to its average volume of 183,010. The company has a market capitalization of $870.90 million, a P/E ratio of 26.03 and a beta of 0.82. The business’s 50 day moving average is $52.94 and its 200 day moving average is $48.64. iShares Cybersecurity and Tech ETF has a 52 week low of $40.97 and a 52 week high of $61.26.

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.