iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Stock Short Interest Falls 82.8%

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 16,422 shares, a decline of 82.8% from the September 30th total of 95,221 shares. Based on an average daily volume of 201,696 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. PFG Investments LLC boosted its stake in iShares Cybersecurity and Tech ETF by 16.5% during the first quarter. PFG Investments LLC now owns 4,860 shares of the company’s stock worth $212,000 after acquiring an additional 689 shares in the last quarter. Western Wealth Management LLC raised its position in iShares Cybersecurity and Tech ETF by 16.9% in the first 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. Latitude Advisors LLC bought a new position in shares of iShares Cybersecurity and Tech ETF during the 3rd quarter worth $62,000. Triumph Capital Management bought a new position in shares of iShares Cybersecurity and Tech ETF in the third quarter worth $67,000. Finally, Waverly Advisors LLC bought a new position in shares of iShares Cybersecurity and Tech ETF in the first quarter worth $44,000.

iShares Cybersecurity and Tech ETF Price Performance

Shares of IHAK stock traded up $1.06 during midday trading on Tuesday, reaching $77.31. 213,158 shares of the company traded hands, compared to its average volume of 183,019. The firm’s 50 day simple moving average is $66.69 and its two-hundred day simple moving average is $55.45. iShares Cybersecurity and Tech ETF has a 1-year low of $40.97 and a 1-year high of $77.39. The firm has a market cap of $1.33 billion, a PE ratio of 26.03 and a beta of 0.80.

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.