Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Unusually-High Trading Volume – What’s Next?

Amplify Cybersecurity ETF (NYSEARCA:HACK) saw strong trading volume on Monday . Approximately 85,785 shares were traded during mid-day trading, a decline of 33% from the previous session’s volume of 127,391 shares.The stock last traded at $102.29 and had previously closed at $98.65.

Amplify Cybersecurity ETF Price Performance

The firm has a market cap of $2.56 billion, a PE ratio of 35.67 and a beta of 0.86. The company has a 50 day simple moving average of $90.61 and a 200-day simple moving average of $82.43.

Hedge Funds Weigh In On Amplify Cybersecurity ETF

Several institutional investors and hedge funds have recently bought and sold shares of HACK. Sound Income Strategies LLC purchased a new stake in shares of Amplify Cybersecurity ETF during the fourth quarter worth about $27,000. Garner Asset Management Corp bought a new position in Amplify Cybersecurity ETF during the 4th quarter valued at approximately $28,000. Lodestone Wealth Management LLC purchased a new stake in Amplify Cybersecurity ETF in the 4th quarter worth approximately $32,000. Elevated Capital Advisors LLC bought a new stake in shares of Amplify Cybersecurity ETF in the 4th quarter worth approximately $34,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Amplify Cybersecurity ETF during the fourth quarter valued at approximately $36,000.

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.