iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Significant Decline in Short Interest

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 68,840 shares, a decrease of 53.7% from the August 15th total of 148,599 shares. Based on an average trading volume of 170,236 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the company’s stock are sold short.

iShares Cybersecurity and Tech ETF Trading Down 1.0%

IHAK traded down $0.69 on Wednesday, hitting $66.64. 165,840 shares of the company were exchanged, compared to its average volume of 179,361. iShares Cybersecurity and Tech ETF has a twelve month low of $40.97 and a twelve month high of $68.45. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 26.03 and a beta of 0.81. The firm has a 50-day moving average price of $63.51 and a two-hundred day moving average price of $55.21.

Institutional Trading of iShares Cybersecurity and Tech ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC boosted its holdings in shares of iShares Cybersecurity and Tech ETF by 16.9% during the fourth quarter. Anchor Investment Management LLC now owns 2,141 shares of the company’s stock worth $103,000 after purchasing an additional 310 shares during the last quarter. Truist Financial Corp lifted its position in iShares Cybersecurity and Tech ETF by 4.1% during the fourth quarter. Truist Financial Corp now owns 15,445 shares of the company’s stock worth $743,000 after buying an additional 614 shares during the period. Silver Oak Securities Incorporated boosted its stake in iShares Cybersecurity and Tech ETF by 7.8% in the 1st quarter. Silver Oak Securities Incorporated now owns 8,953 shares of the company’s stock worth $391,000 after buying an additional 648 shares during the last quarter. PFG Investments LLC grew its holdings in iShares Cybersecurity and Tech ETF by 16.5% in the 1st quarter. PFG Investments LLC now owns 4,860 shares of the company’s stock valued at $212,000 after buying an additional 689 shares during the period. Finally, Western Wealth Management LLC lifted its holdings in shares of iShares Cybersecurity and Tech ETF by 16.9% during the 1st quarter. Western Wealth Management LLC now owns 6,324 shares of the company’s stock worth $276,000 after acquiring an additional 913 shares during the period.

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.