Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Large Volume Increase – What’s Next?

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares saw strong trading volume on Thursday . 142,661 shares traded hands during mid-day trading, a decline of 6% from the previous session’s volume of 151,614 shares.The stock last traded at $119.13 and had previously closed at $118.86.

Amplify Cybersecurity ETF Price Performance

The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 35.67 and a beta of 0.84. The firm’s 50 day moving average price is $106.00 and its two-hundred day moving average price is $89.57.

Institutional Trading of Amplify Cybersecurity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Garner Asset Management Corp purchased a new position in shares of Amplify Cybersecurity ETF in the 4th quarter valued at approximately $28,000. Elevated Capital Advisors LLC purchased a new stake in shares of Amplify Cybersecurity ETF during the fourth quarter worth approximately $34,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Amplify Cybersecurity ETF during the fourth quarter worth approximately $36,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Amplify Cybersecurity ETF during the fourth quarter worth approximately $40,000. Finally, Y.D. More Investments Ltd lifted its holdings in shares of Amplify Cybersecurity ETF by 292.0% during the first quarter. Y.D. More Investments Ltd now owns 588 shares of the company’s stock worth $43,000 after purchasing an additional 438 shares during the period.

Amplify Cybersecurity ETF Company Profile

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.