iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Short Interest Update

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 153,454 shares, a growth of 73.8% from the June 15th total of 88,299 shares. Based on an average daily trading volume, of 153,184 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Annex Advisory Services LLC bought a new position in iShares Cybersecurity and Tech ETF in the second quarter valued at approximately $28,915,000. Warner Financial Inc. increased its position in shares of iShares Cybersecurity and Tech ETF by 87.4% during the 2nd quarter. Warner Financial Inc. now owns 9,850 shares of the company’s stock worth $598,000 after purchasing an additional 4,595 shares during the last quarter. Western Wealth Management LLC raised its stake 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 purchasing an additional 913 shares in the last quarter. Royal Bank of Canada raised its stake in shares of iShares Cybersecurity and Tech ETF by 4.0% during the 1st quarter. Royal Bank of Canada now owns 141,754 shares of the company’s stock worth $6,187,000 after purchasing an additional 5,511 shares in the last quarter. Finally, Waverly Advisors LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the 1st quarter valued at approximately $44,000.

iShares Cybersecurity and Tech ETF Price Performance

iShares Cybersecurity and Tech ETF stock opened at $63.44 on Friday. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80. The firm has a 50-day moving average of $57.40 and a 200-day moving average of $50.00. iShares Cybersecurity and Tech ETF has a one year low of $40.97 and a one year high of $66.09.

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.