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

Amplify Cybersecurity ETF (NYSEARCA:HACK) saw an uptick in trading volume on Thursday . Approximately 111,322 shares were traded during trading, a decline of 30% from the previous session’s volume of 158,322 shares.The stock last traded at $115.88 and had previously closed at $109.61.

Amplify Cybersecurity ETF Stock Performance

The company has a market cap of $2.95 billion, a P/E ratio of 35.67 and a beta of 0.84. The firm’s fifty day moving average is $108.49 and its two-hundred day moving average is $91.58.

Hedge Funds Weigh In On Amplify Cybersecurity ETF

A number of hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its holdings in Amplify Cybersecurity ETF by 9.5% in the 1st quarter. NewEdge Advisors LLC now owns 12,135 shares of the company’s stock worth $871,000 after purchasing an additional 1,057 shares in the last quarter. Schnieders Capital Management LLC. raised its position in shares of Amplify Cybersecurity ETF by 14.4% during the second quarter. Schnieders Capital Management LLC. now owns 7,953 shares of the company’s stock valued at $687,000 after buying an additional 1,000 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Amplify Cybersecurity ETF by 93.7% during the second quarter. Baird Financial Group Inc. now owns 27,600 shares of the company’s stock valued at $2,384,000 after buying an additional 13,349 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Amplify Cybersecurity ETF by 9.2% in the second quarter. Cerity Partners LLC now owns 39,916 shares of the company’s stock worth $3,448,000 after buying an additional 3,364 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Amplify Cybersecurity ETF by 6.7% in the second quarter. Raymond James Financial Inc. now owns 258,694 shares of the company’s stock worth $22,343,000 after buying an additional 16,186 shares in the last quarter.

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.