iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 143,148 shares, an increase of 107.9% from the August 31st total of 68,840 shares. Based on an average daily trading volume, of 123,927 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.8% of the company’s shares are short sold.
iShares Cybersecurity and Tech ETF Trading Down 0.2%
NYSEARCA IHAK traded down $0.11 during trading on Tuesday, hitting $66.67. The company had a trading volume of 140,198 shares, compared to its average volume of 178,121. iShares Cybersecurity and Tech ETF has a one year low of $40.97 and a one year high of $68.91. The company’s fifty day moving average is $64.21 and its 200-day moving average is $56.64. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 26.03 and a beta of 0.81.
Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Annex Advisory Services LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF during the 2nd quarter valued at $28,915,000. Royal Bank of Canada raised its stake in iShares Cybersecurity and Tech ETF by 4.0% during the 1st quarter. Royal Bank of Canada now owns 141,754 shares of the company’s stock valued at $6,187,000 after purchasing an additional 5,511 shares during the period. 1 North Wealth Services LLC boosted its stake in iShares Cybersecurity and Tech ETF by 4.5% in the 4th quarter. 1 North Wealth Services LLC now owns 43,532 shares of the company’s stock worth $2,095,000 after purchasing an additional 1,891 shares during the period. Janney Montgomery Scott LLC purchased a new stake in iShares Cybersecurity and Tech ETF in the 1st quarter worth $2,084,000. Finally, Lido Advisors LLC grew its holdings in shares of iShares Cybersecurity and Tech ETF by 19.2% in the fourth quarter. Lido Advisors LLC now owns 36,661 shares of the company’s stock valued at $1,894,000 after purchasing an additional 5,906 shares in the last quarter.
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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