iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Unusually-High Trading Volume – What’s Next?

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw an uptick in trading volume on Thursday . 483,798 shares changed hands during mid-day trading, an increase of 161% from the previous session’s volume of 185,252 shares.The stock last traded at $64.37 and had previously closed at $64.67.

iShares Cybersecurity and Tech ETF Stock Down 0.0%

The firm has a market capitalization of $1.08 billion, a PE ratio of 26.03 and a beta of 0.80. The firm’s fifty day simple moving average is $59.57 and its 200-day simple moving average is $51.23.

Institutional Trading of iShares Cybersecurity and Tech ETF

Hedge funds have recently bought and sold shares of the stock. Key Capital Management INC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the 4th quarter valued at $28,000. Qube Research & Technologies Ltd acquired a new stake in iShares Cybersecurity and Tech ETF during the second quarter worth about $45,000. Raleigh Capital Management Inc. purchased a new position in shares of iShares Cybersecurity and Tech ETF during the 4th quarter valued at approximately $42,000. Waverly Advisors LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF in the first quarter worth about $44,000. Finally, Sound Income Strategies LLC purchased a new position in iShares Cybersecurity and Tech ETF during the fourth quarter worth approximately $54,000.

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.