iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Get Free Report) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 13,156 shares, a decline of 49.4% from the April 15th total of 25,976 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 144,096 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF
Large investors have recently modified their holdings of the business. Key Capital Management INC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the fourth quarter worth about $28,000. Qube Research & Technologies Ltd purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the second quarter worth about $45,000. Raleigh Capital Management Inc. purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the fourth quarter worth about $42,000. Waverly Advisors LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the first quarter worth about $44,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the fourth quarter worth about $54,000.
iShares Cybersecurity and Tech ETF Stock Performance
Shares of IHAK stock opened at $52.15 on Monday. iShares Cybersecurity and Tech ETF has a fifty-two week low of $40.97 and a fifty-two week high of $53.98. The firm has a market capitalization of $823.97 million, a price-to-earnings ratio of 26.03 and a beta of 0.76. The stock’s 50-day simple moving average is $46.20 and its 200-day simple moving average is $47.41.
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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