Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Strong Trading Volume – Here’s Why

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares saw unusually-strong trading volume on Wednesday . 341,596 shares changed hands during mid-day trading, an increase of 145% from the previous session’s volume of 139,320 shares.The stock last traded at $111.08 and had previously closed at $114.29.

Amplify Cybersecurity ETF Stock Performance

The company has a market capitalization of $2.74 billion, a PE ratio of 35.67 and a beta of 0.85. The stock’s fifty day simple moving average is $98.60 and its 200-day simple moving average is $85.01.

Hedge Funds Weigh In On Amplify Cybersecurity ETF

Several institutional investors and hedge funds have recently modified their holdings of HACK. Florida Financial Advisors LLC grew its stake in Amplify Cybersecurity ETF by 3.1% in the 1st quarter. Florida Financial Advisors LLC now owns 4,174 shares of the company’s stock worth $313,000 after acquiring an additional 125 shares during the period. AdvisorNet Financial Inc raised its holdings in Amplify Cybersecurity ETF by 27.1% in the 1st quarter. AdvisorNet Financial Inc now owns 638 shares of the company’s stock valued at $48,000 after acquiring an additional 136 shares during the last quarter. Tocqueville Asset Management L.P. lifted its stake in shares of Amplify Cybersecurity ETF by 1.4% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 10,669 shares of the company’s stock worth $926,000 after purchasing an additional 145 shares during the period. IFP Advisors Inc lifted its stake in shares of Amplify Cybersecurity ETF by 0.9% during the 4th quarter. IFP Advisors Inc now owns 16,984 shares of the company’s stock worth $1,365,000 after purchasing an additional 151 shares during the period. Finally, O ROURKE & COMPANY Inc lifted its stake in shares of Amplify Cybersecurity ETF by 1.4% during the 4th quarter. O ROURKE & COMPANY Inc now owns 11,194 shares of the company’s stock worth $900,000 after purchasing an additional 154 shares during the period.

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.