Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Significant Decrease in Short Interest

Amplify Cybersecurity ETF (NYSEARCA:HACK) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 130,468 shares, a decrease of 53.8% from the July 15th total of 282,637 shares. Based on an average daily volume of 187,913 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Amplify Cybersecurity ETF

A number of large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its stake in shares of Amplify Cybersecurity ETF by 9.5% during the 1st quarter. NewEdge Advisors LLC now owns 12,135 shares of the company’s stock valued at $871,000 after buying an additional 1,057 shares during the period. Schnieders Capital Management LLC. boosted its holdings in Amplify Cybersecurity ETF by 14.4% in the second quarter. Schnieders Capital Management LLC. now owns 7,953 shares of the company’s stock valued at $687,000 after acquiring an additional 1,000 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Amplify Cybersecurity ETF by 93.7% in the second quarter. Baird Financial Group Inc. now owns 27,600 shares of the company’s stock valued at $2,384,000 after acquiring an additional 13,349 shares during the last quarter. Cerity Partners LLC grew its position in Amplify Cybersecurity ETF by 9.2% during the second quarter. Cerity Partners LLC now owns 39,916 shares of the company’s stock valued at $3,448,000 after acquiring an additional 3,364 shares during the period. Finally, Raymond James Financial Inc. grew its position in Amplify Cybersecurity ETF by 6.7% during the second quarter. Raymond James Financial Inc. now owns 258,694 shares of the company’s stock valued at $22,343,000 after acquiring an additional 16,186 shares during the period.

Amplify Cybersecurity ETF Stock Down 3.0%

Shares of NYSEARCA:HACK traded down $3.71 during midday trading on Friday, reaching $118.18. The company’s stock had a trading volume of 228,055 shares, compared to its average volume of 154,444. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 35.67 and a beta of 0.84. Amplify Cybersecurity ETF has a 1 year low of $69.66 and a 1 year high of $121.97. The business has a 50 day moving average price of $106.00 and a 200 day moving average price of $89.57.

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.