iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Short Interest Up 400.3% in July

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 767,665 shares, a growth of 400.3% from the June 30th total of 153,454 shares. Approximately 4.6% of the company’s shares are sold short. Based on an average daily trading volume, of 181,393 shares, the days-to-cover ratio is presently 4.2 days.

Institutional Trading of iShares Cybersecurity and Tech ETF

Several hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of iShares Cybersecurity and Tech ETF by 0.8% in the third quarter. Bank of America Corp DE now owns 1,846,910 shares of the company’s stock valued at $96,649,000 after purchasing an additional 15,129 shares during the period. Annex Advisory Services LLC acquired a new stake in iShares Cybersecurity and Tech ETF during the 2nd quarter worth approximately $28,915,000. Scotia Capital Inc. lifted its holdings in iShares Cybersecurity and Tech ETF by 13.1% during the 3rd quarter. Scotia Capital Inc. now owns 153,529 shares of the company’s stock worth $8,034,000 after buying an additional 17,803 shares in the last quarter. Royal Bank of Canada boosted its position in iShares Cybersecurity and Tech ETF by 4.0% in the 1st quarter. Royal Bank of Canada now owns 141,754 shares of the company’s stock valued at $6,187,000 after buying an additional 5,511 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in iShares Cybersecurity and Tech ETF by 4.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 141,667 shares of the company’s stock valued at $7,534,000 after buying an additional 5,560 shares during the period.

iShares Cybersecurity and Tech ETF Trading Up 2.0%

IHAK traded up $1.19 during mid-day trading on Monday, hitting $61.04. 35,784 shares of the stock were exchanged, compared to its average volume of 182,992. The firm’s fifty day moving average is $58.54 and its two-hundred day moving average is $50.54. iShares Cybersecurity and Tech ETF has a 1-year low of $40.97 and a 1-year high of $66.09. The company has a market cap of $1.01 billion, a PE ratio of 26.03 and a beta of 0.80.

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.