Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Large Volume Increase – Here’s Why

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares saw strong trading volume on Thursday . 122,325 shares changed hands during trading, a decline of 8% from the previous session’s volume of 132,831 shares.The stock last traded at $109.75 and had previously closed at $108.85.

Amplify Cybersecurity ETF Price Performance

The business’s 50-day moving average is $95.10 and its 200 day moving average is $83.78. The firm has a market capitalization of $2.75 billion, a P/E ratio of 35.67 and a beta of 0.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Schnieders Capital Management LLC. increased its holdings in shares of Amplify Cybersecurity ETF by 14.4% in the second quarter. Schnieders Capital Management LLC. now owns 7,953 shares of the company’s stock worth $687,000 after purchasing an additional 1,000 shares during the period. D.A. Davidson & CO. boosted its stake in Amplify Cybersecurity ETF by 47.7% during the fourth quarter. D.A. Davidson & CO. now owns 50,621 shares of the company’s stock valued at $4,068,000 after buying an additional 16,357 shares during the period. Western Wealth Management LLC purchased a new position in Amplify Cybersecurity ETF during the fourth quarter worth about $718,000. Northland Securities Inc. purchased a new position in Amplify Cybersecurity ETF during the fourth quarter worth about $1,093,000. Finally, Sowell Financial Services LLC increased its stake in Amplify Cybersecurity ETF by 11.4% in the 4th quarter. Sowell Financial Services LLC now owns 85,387 shares of the company’s stock worth $6,863,000 after acquiring an additional 8,704 shares during the last quarter.

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.