iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Short Interest Down 49.4% in April

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 13,156 shares, a drop of 49.4% from the April 15th total of 25,976 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 144,096 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of iShares Cybersecurity and Tech ETF

Several institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. boosted its holdings in shares of iShares Cybersecurity and Tech ETF by 0.6% during the second quarter. Raymond James Financial Inc. now owns 46,182 shares of the company’s stock worth $2,457,000 after purchasing an additional 295 shares during the period. PFG Investments LLC boosted its holdings in shares of iShares Cybersecurity and Tech ETF by 7.8% during the fourth quarter. PFG Investments LLC now owns 4,171 shares of the company’s stock worth $201,000 after purchasing an additional 301 shares during the period. Anchor Investment Management LLC boosted its position in 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 valued at $103,000 after purchasing an additional 310 shares during the last quarter. Koa Wealth Management LLC boosted its position in iShares Cybersecurity and Tech ETF by 1.3% during the third quarter. Koa Wealth Management LLC now owns 27,141 shares of the company’s stock valued at $1,420,000 after purchasing an additional 337 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in iShares Cybersecurity and Tech ETF by 4.0% during the third quarter. NewEdge Advisors LLC now owns 9,675 shares of the company’s stock valued at $506,000 after purchasing an additional 370 shares during the last quarter.

iShares Cybersecurity and Tech ETF Stock Down 0.2%

Shares of iShares Cybersecurity and Tech ETF stock traded down $0.12 during midday trading on Friday, hitting $52.15. The company’s stock had a trading volume of 135,796 shares, compared to its average volume of 193,807. The firm has a market capitalization of $823.97 million, a P/E ratio of 26.03 and a beta of 0.76. The stock has a 50-day simple moving average of $46.20 and a 200-day simple moving average of $47.45. iShares Cybersecurity and Tech ETF has a 1-year low of $40.97 and a 1-year high of $53.98.

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.