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

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) was the target 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. Approximately 1.0% of the company’s stock are short sold. Based on an average trading volume of 153,184 shares, the days-to-cover ratio is currently 1.0 days.

iShares Cybersecurity and Tech ETF Trading Up 0.4%

IHAK opened at $63.68 on Friday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80. iShares Cybersecurity and Tech ETF has a 12 month low of $40.97 and a 12 month high of $66.09. The stock has a fifty day moving average price of $57.64 and a 200-day moving average price of $50.09.

Institutional Trading of iShares Cybersecurity and Tech ETF

Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in 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 valued at $391,000 after acquiring an additional 390 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of 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 purchasing an additional 20,390 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the 1st quarter worth $2,255,000. Baird Financial Group Inc. grew its stake in iShares Cybersecurity and Tech ETF by 49.7% during the 2nd quarter. Baird Financial Group Inc. now owns 51,752 shares of the company’s stock worth $2,754,000 after buying an additional 17,184 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new position in iShares Cybersecurity and Tech ETF during the 2nd quarter worth $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.