iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 56,726 shares, a decrease of 92.6% from the July 15th total of 767,665 shares. Based on an average daily trading volume, of 170,629 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.
Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF
A number of large investors have recently bought and sold shares of the business. Key Capital Management INC bought a new position in iShares Cybersecurity and Tech ETF in the 4th quarter valued at $28,000. Qube Research & Technologies Ltd acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the second quarter valued at $45,000. Waverly Advisors LLC bought a new position in shares of iShares Cybersecurity and Tech ETF in the first quarter valued at about $44,000. Cullen Frost Bankers Inc. bought a new position in shares of iShares Cybersecurity and Tech ETF in the fourth quarter valued at about $59,000. Finally, Wells Fargo & Company MN lifted its position in iShares Cybersecurity and Tech ETF by 211.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,425 shares of the company’s stock worth $69,000 after buying an additional 967 shares in the last quarter.
iShares Cybersecurity and Tech ETF Trading Down 0.3%
IHAK stock traded down $0.22 during trading on Wednesday, hitting $66.61. The company had a trading volume of 75,976 shares, compared to its average volume of 183,607. The company has a fifty day moving average price of $60.14 and a two-hundred day moving average price of $51.73. The company has a market cap of $1.11 billion, a P/E ratio of 26.03 and a beta of 0.80. iShares Cybersecurity and Tech ETF has a fifty-two week low of $40.97 and a fifty-two week high of $67.35.
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.
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