iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 767,665 shares, an increase of 400.3% from the June 30th total of 153,454 shares. Based on an average daily trading volume, of 181,393 shares, the days-to-cover ratio is presently 4.2 days. Currently, 4.6% of the shares of the company are short sold.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of IHAK. Key Capital Management INC bought a new position in iShares Cybersecurity and Tech ETF in the 4th quarter valued at $28,000. Raleigh Capital Management Inc. purchased a new position in shares of iShares Cybersecurity and Tech ETF in the 4th quarter worth about $42,000. Waverly Advisors LLC purchased a new position in shares of iShares Cybersecurity and Tech ETF in the 1st quarter worth about $44,000. Qube Research & Technologies Ltd bought a new position in iShares Cybersecurity and Tech ETF during the second quarter valued at about $45,000. Finally, Sound Income Strategies LLC bought a new position in iShares Cybersecurity and Tech ETF during the fourth quarter valued at about $54,000.
iShares Cybersecurity and Tech ETF Price Performance
Shares of NYSEARCA IHAK traded up $0.96 during midday trading on Friday, reaching $59.85. The company’s stock had a trading volume of 212,311 shares, compared to its average volume of 184,259. The stock has a market capitalization of $993.51 million, a P/E ratio of 26.03 and a beta of 0.80. The firm has a 50 day moving average price of $58.54 and a 200-day moving average price of $50.53. iShares Cybersecurity and Tech ETF has a 12-month low of $40.97 and a 12-month high of $66.09.
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.
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