Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Unusually-High Trading Volume – Should You Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK) saw unusually-high trading volume on Tuesday . 118,281 shares were traded during trading, a decline of 19% from the previous session’s volume of 145,505 shares.The stock last traded at $112.76 and had previously closed at $109.65.

Amplify Cybersecurity ETF Trading Up 0.5%

The stock’s 50-day moving average is $103.57 and its two-hundred day moving average is $87.71. The company has a market capitalization of $2.88 billion, a PE ratio of 35.67 and a beta of 0.84.

Institutional Trading of Amplify Cybersecurity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HACK. Sound Income Strategies LLC acquired a new stake in shares of Amplify Cybersecurity ETF during the fourth quarter worth $27,000. Garner Asset Management Corp acquired a new position in shares of Amplify Cybersecurity ETF in the 4th quarter valued at approximately $28,000. Elevated Capital Advisors LLC bought a new position in Amplify Cybersecurity ETF in the fourth quarter worth about $34,000. Laurel Wealth Advisors LLC bought a new stake in Amplify Cybersecurity ETF during the 4th quarter valued at $36,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Amplify Cybersecurity ETF during the fourth quarter valued at about $40,000.

About Amplify Cybersecurity ETF

The ETFMG Prime Cyber Security ETF (HACK) is an exchange-traded fund that is based on the Prime Cyber Defense index. The fund tracks a tiered, equal-weighted index that targets companies actively involved in providing cybersecurity technology and services.