iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Get Free Report) saw 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 shares of the stock are sold short. Based on an average daily trading volume, of 335,638 shares, the short-interest ratio is currently 0.3 days.
iShares Cybersecurity and Tech ETF Trading Down 1.5%
Shares of IHAK stock opened at $68.00 on Wednesday. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 26.03 and a beta of 0.77. The firm’s 50 day moving average is $68.47 and its 200-day moving average is $56.83. iShares Cybersecurity and Tech ETF has a 1 year low of $40.97 and a 1 year high of $77.73.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Private Advisor Group LLC increased its position in iShares Cybersecurity and Tech ETF by 6.4% during the 3rd quarter. Private Advisor Group LLC now owns 34,147 shares of the company’s stock worth $2,309,000 after buying an additional 2,062 shares during the period. Ieq Capital LLC acquired a new position in iShares Cybersecurity and Tech ETF during the 3rd quarter worth approximately $576,000. Global Retirement Partners LLC bought a new stake in iShares Cybersecurity and Tech ETF during the 3rd quarter worth $738,000. HighTower Advisors LLC bought a new stake in iShares Cybersecurity and Tech ETF during the 3rd quarter worth approximately $870,000. Finally, Wharton Business Group LLC acquired a new stake in iShares Cybersecurity and Tech ETF in the third quarter valued at $15,433,000.
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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