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

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) saw unusually-strong trading volume on Tuesday . Approximately 332,029 shares changed hands during mid-day trading, an increase of 173% from the previous session’s volume of 121,648 shares.The stock last traded at $78.03 and had previously closed at $76.57.

Amplify Cybersecurity ETF Stock Performance

The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 32.94 and a beta of 1.41. The company has a 50-day simple moving average of $75.65 and a two-hundred day simple moving average of $70.37.

Institutional Trading of Amplify Cybersecurity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. boosted its stake in shares of Amplify Cybersecurity ETF by 2,657.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 126,503 shares of the company’s stock worth $8,636,000 after acquiring an additional 121,916 shares during the period. BFI Infinity Ltd. bought a new position in Amplify Cybersecurity ETF during the fourth quarter worth $7,967,000. Ellis Investment Partners LLC acquired a new position in shares of Amplify Cybersecurity ETF in the third quarter valued at $3,074,000. Valley Wealth Managers Inc. bought a new position in shares of Amplify Cybersecurity ETF in the third quarter valued at about $2,564,000. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Amplify Cybersecurity ETF during the 3rd quarter worth about $2,176,000.

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. HACK was launched on Nov 11, 2014 and is managed by ETF Managers Group.