iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Stock Short Interest Drops 82.8%

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 16,422 shares, a decline of 82.8% from the September 30th total of 95,221 shares. Based on an average daily trading volume, of 201,696 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

iShares Cybersecurity and Tech ETF Stock Down 1.3%

Shares of NYSEARCA:IHAK traded down $1.00 during midday trading on Thursday, reaching $75.69. 395,364 shares of the company were exchanged, compared to its average volume of 187,463. The firm has a market cap of $1.31 billion, a PE ratio of 26.03 and a beta of 0.80. The stock has a fifty day simple moving average of $67.35 and a two-hundred day simple moving average of $55.86. iShares Cybersecurity and Tech ETF has a fifty-two week low of $40.97 and a fifty-two week high of $77.73.

Institutional Trading of iShares Cybersecurity and Tech ETF

Several large investors have recently made changes to their positions in the company. Annex Advisory Services LLC purchased a new position in iShares Cybersecurity and Tech ETF in the 3rd quarter worth approximately $69,418,000. Howland Capital Management LLC bought a new stake in iShares Cybersecurity and Tech ETF in the 3rd quarter worth about $6,252,000. Janney Montgomery Scott LLC bought a new position in shares of iShares Cybersecurity and Tech ETF during the 1st quarter valued at approximately $2,084,000. Aprio Wealth Management LLC acquired a new position in iShares Cybersecurity and Tech ETF in the 3rd quarter worth approximately $2,722,000. Finally, Private Advisor Group LLC lifted its holdings in shares of iShares Cybersecurity and Tech ETF by 534.8% in the 1st quarter. Private Advisor Group LLC now owns 31,291 shares of the company’s stock valued at $1,366,000 after buying an additional 26,362 shares during the period.

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.