iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Short Interest Down 53.7% in August

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 68,840 shares, a drop of 53.7% from the August 15th total of 148,599 shares. Based on an average trading volume of 170,236 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company’s shares are short sold.

iShares Cybersecurity and Tech ETF Stock Performance

iShares Cybersecurity and Tech ETF stock opened at $61.42 on Monday. The company’s 50 day simple moving average is $63.31 and its 200-day simple moving average is $54.70. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 26.03 and a beta of 0.81. iShares Cybersecurity and Tech ETF has a 1 year low of $40.97 and a 1 year high of $68.45.

Institutional Trading of iShares Cybersecurity and Tech ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in shares of iShares Cybersecurity and Tech ETF by 4.9% during the first quarter. NewEdge Advisors LLC now owns 8,318 shares of the company’s stock worth $391,000 after buying an additional 390 shares during the period. Goldman Sachs Group Inc. boosted its holdings in iShares Cybersecurity and Tech ETF by 63.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 52,553 shares of the company’s stock valued at $2,469,000 after acquiring an additional 20,390 shares during the period. Jane Street Group LLC acquired a new position in iShares Cybersecurity and Tech ETF in the 1st quarter valued at about $2,255,000. Baird Financial Group Inc. grew its position 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 valued at $2,754,000 after acquiring an additional 17,184 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in iShares Cybersecurity and Tech ETF in the 2nd quarter valued at about $216,000.

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.