iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Shares Shorted: Short Interest Up 543.1% in October

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 105,616 shares, an increase of 543.1% from the October 15th total of 16,422 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 335,638 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Several large investors have recently added to or reduced their stakes in IHAK. Simplex Trading LLC purchased a new position in iShares Cybersecurity and Tech ETF in the third quarter worth $30,000. Coston McIsaac & Partners bought a new position in shares of iShares Cybersecurity and Tech ETF during the third quarter valued at about $37,000. Allworth Financial LP bought a new stake in shares of iShares Cybersecurity and Tech ETF in the 3rd quarter worth approximately $38,000. Parallel Advisors LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF during the 3rd quarter valued at about $41,000. Finally, Waverly Advisors LLC bought a new stake in iShares Cybersecurity and Tech ETF during the 1st quarter valued at approximately $44,000.

iShares Cybersecurity and Tech ETF Stock Performance

iShares Cybersecurity and Tech ETF stock opened at $68.00 on Wednesday. The firm’s 50-day simple moving average is $68.47 and its 200 day simple moving average is $56.83. The stock has a market cap of $1.16 billion, a PE ratio of 26.03 and a beta of 0.77. iShares Cybersecurity and Tech ETF has a fifty-two week low of $40.97 and a fifty-two week high of $77.73.

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.