iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Large Decline in Short Interest

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 56,726 shares, a decrease of 92.6% from the July 15th total of 767,665 shares. Based on an average daily trading volume, of 170,629 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Several hedge funds have recently added to or reduced their stakes in IHAK. Key Capital Management INC bought a new stake in iShares Cybersecurity and Tech ETF during the 4th quarter worth about $28,000. Waverly Advisors LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF during the 1st quarter worth approximately $44,000. Qube Research & Technologies Ltd acquired a new stake in shares of iShares Cybersecurity and Tech ETF during the 2nd quarter worth approximately $45,000. Cullen Frost Bankers Inc. bought a new stake in shares of iShares Cybersecurity and Tech ETF during the fourth quarter worth approximately $59,000. Finally, Bessemer Group Inc. acquired a new position in iShares Cybersecurity and Tech ETF in the first quarter valued at approximately $65,000.

iShares Cybersecurity and Tech ETF Stock Performance

IHAK traded up $1.70 during mid-day trading on Thursday, reaching $68.36. The stock had a trading volume of 254,406 shares, compared to its average volume of 184,216. The stock has a market capitalization of $1.14 billion, a P/E ratio of 26.03 and a beta of 0.80. The firm’s fifty day simple moving average is $60.47 and its two-hundred day simple moving average is $52.00. iShares Cybersecurity and Tech ETF has a 52 week low of $40.97 and a 52 week high of $68.45.

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.