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

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares saw unusually-high trading volume on Monday . Approximately 85,785 shares changed hands during mid-day trading, a decline of 33% from the previous session’s volume of 127,391 shares.The stock last traded at $102.29 and had previously closed at $98.65.

Amplify Cybersecurity ETF Price Performance

The stock’s 50-day moving average price is $91.63 and its 200 day moving average price is $82.68. The firm has a market cap of $2.61 billion, a P/E ratio of 35.67 and a beta of 0.86.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its holdings in shares of Amplify Cybersecurity ETF by 9.5% in the 1st quarter. NewEdge Advisors LLC now owns 12,135 shares of the company’s stock valued at $871,000 after acquiring an additional 1,057 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in 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 purchasing an additional 1,000 shares during the last quarter. Baird Financial Group Inc. boosted its position in 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 purchasing an additional 13,349 shares during the last quarter. Cerity Partners LLC boosted 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 purchasing an additional 3,364 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in Amplify Cybersecurity ETF by 6.7% in the second quarter. Raymond James Financial Inc. now owns 258,694 shares of the company’s stock valued at $22,343,000 after purchasing an additional 16,186 shares in 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.