iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 16,422 shares, a decrease of 82.8% from the September 30th total of 95,221 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 201,696 shares, the days-to-cover ratio is currently 0.1 days.
iShares Cybersecurity and Tech ETF Price Performance
IHAK stock traded down $0.53 during mid-day trading on Wednesday, reaching $76.69. 775,939 shares of the company’s stock were exchanged, compared to its average volume of 186,453. iShares Cybersecurity and Tech ETF has a 12-month low of $40.97 and a 12-month high of $77.73. The stock’s 50 day moving average is $67.35 and its 200 day moving average is $55.86. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in IHAK. Raleigh Capital Management Inc. acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the third quarter worth approximately $55,000. Latitude Advisors LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the third quarter worth approximately $62,000. Penobscot Investment Management Company Inc. acquired a new position in iShares Cybersecurity and Tech ETF in the 3rd quarter valued at $582,000. B.O.S.S. Retirement Advisors LLC acquired a new position in iShares Cybersecurity and Tech ETF in the 3rd quarter valued at $212,000. Finally, Howland Capital Management LLC acquired a new position in iShares Cybersecurity and Tech ETF in the 3rd quarter valued at $6,252,000.
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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