Short Interest in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Decreases By 92.5%

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 5,453 shares, a drop of 92.5% from the May 14th total of 72,290 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 142,376 shares, the short-interest ratio is presently 0.0 days.

iShares Cybersecurity and Tech ETF Trading Down 1.8%

IHAK traded down $1.00 during midday trading on Tuesday, hitting $55.64. 262,023 shares of the company were exchanged, compared to its average volume of 190,600. The company’s 50 day simple moving average is $50.28 and its 200 day simple moving average is $48.11. The firm has a market capitalization of $879.11 million, a price-to-earnings ratio of 26.03 and a beta of 0.82. iShares Cybersecurity and Tech ETF has a 1-year low of $40.97 and a 1-year high of $61.26.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC lifted its stake in iShares Cybersecurity and Tech ETF by 4.9% in the 1st quarter. NewEdge Advisors LLC now owns 8,318 shares of the company’s stock worth $391,000 after purchasing an additional 390 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in iShares Cybersecurity and Tech ETF by 63.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,553 shares of the company’s stock worth $2,469,000 after purchasing an additional 20,390 shares in the last quarter. Jane Street Group LLC purchased a new position in iShares Cybersecurity and Tech ETF in the 1st quarter worth approximately $2,255,000. Baird Financial Group Inc. lifted its stake in iShares Cybersecurity and Tech ETF by 49.7% in the 2nd quarter. Baird Financial Group Inc. now owns 51,752 shares of the company’s stock worth $2,754,000 after purchasing an additional 17,184 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new position in iShares Cybersecurity and Tech ETF in the 2nd quarter worth approximately $216,000.

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.