iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Shares Shorted: Short Interest Down 82.8% in October

by · The Markets Daily

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Get Free Report) was the recipient of a large decline in short interest during the month of 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. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Large investors have recently modified their holdings of the business. Latitude Advisors LLC purchased a new position in iShares Cybersecurity and Tech ETF during the third quarter worth approximately $62,000. Penobscot Investment Management Company Inc. acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the third quarter valued at $582,000. B.O.S.S. Retirement Advisors LLC purchased a new position in iShares Cybersecurity and Tech ETF in the third quarter worth approximately $212,000. Howland Capital Management LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF during the 3rd quarter worth about $6,252,000. Finally, Crescent Grove Advisors LLC purchased a new position in iShares Cybersecurity and Tech ETF in the third quarter valued at approximately $1,712,000.

iShares Cybersecurity and Tech ETF Price Performance

IHAK traded up $1.06 on Tuesday, reaching $77.31. 213,158 shares of the stock were exchanged, compared to its average volume of 183,019. iShares Cybersecurity and Tech ETF has a fifty-two week low of $40.97 and a fifty-two week high of $77.39. The company’s 50-day moving average price is $66.69 and its 200 day moving average price is $55.45. The firm has a market capitalization of $1.33 billion, a PE ratio of 26.03 and a beta of 0.80.

iShares Cybersecurity and Tech ETF Company Profile

(Get Free Report)

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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