iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Significant Increase in Short Interest

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 767,665 shares, a growth of 400.3% from the June 30th total of 153,454 shares. Approximately 4.6% of the shares of the stock are short sold. Based on an average trading volume of 181,393 shares, the short-interest ratio is currently 4.2 days.

Institutional Trading of iShares Cybersecurity and Tech ETF

Hedge funds have recently added to or reduced their stakes in the business. Key Capital Management INC purchased a new stake in iShares Cybersecurity and Tech ETF during the fourth quarter valued at about $28,000. Raleigh Capital Management Inc. purchased a new position in shares of iShares Cybersecurity and Tech ETF in the fourth quarter worth about $42,000. Waverly Advisors LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF in the 1st quarter valued at about $44,000. Qube Research & Technologies Ltd bought a new stake in shares of iShares Cybersecurity and Tech ETF in the 2nd quarter valued at about $45,000. Finally, Sound Income Strategies LLC purchased a new stake in iShares Cybersecurity and Tech ETF during the 4th quarter valued at about $54,000.

iShares Cybersecurity and Tech ETF Trading Up 1.6%

Shares of IHAK traded up $0.96 during mid-day 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 cap of $993.51 million, a PE ratio of 26.03 and a beta of 0.80. iShares Cybersecurity and Tech ETF has a 52 week low of $40.97 and a 52 week high of $66.09. The company’s fifty day moving average price is $58.54 and its two-hundred day moving average price is $50.53.

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.