Short Interest in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Declines By 92.6%

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 56,726 shares, a decline of 92.6% from the July 15th total of 767,665 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 170,629 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Key Capital Management INC purchased a new stake in iShares Cybersecurity and Tech ETF during the 4th quarter valued at about $28,000. Qube Research & Technologies Ltd purchased a new position in iShares Cybersecurity and Tech ETF in the 2nd quarter worth approximately $45,000. Waverly Advisors LLC bought a new stake in iShares Cybersecurity and Tech ETF in the first quarter valued at approximately $44,000. Cullen Frost Bankers Inc. bought a new stake in iShares Cybersecurity and Tech ETF in the fourth quarter valued at approximately $59,000. Finally, Wells Fargo & Company MN boosted its stake in shares of iShares Cybersecurity and Tech ETF by 211.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,425 shares of the company’s stock valued at $69,000 after purchasing an additional 967 shares during the period.

iShares Cybersecurity and Tech ETF Stock Performance

Shares of IHAK stock traded up $0.11 on Tuesday, hitting $66.83. 144,495 shares of the company’s stock traded hands, compared to its average volume of 184,347. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80. The company’s fifty day simple moving average is $60.14 and its 200 day simple moving average is $51.73. iShares Cybersecurity and Tech ETF has a one year low of $40.97 and a one year high of $67.35.

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.