Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Unusually-High Trading Volume – Should You Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK) saw unusually-high trading volume on Tuesday . 122,030 shares traded hands during mid-day trading, a decline of 29% from the previous session’s volume of 171,458 shares.The stock last traded at $118.3770 and had previously closed at $118.56.

Amplify Cybersecurity ETF Stock Up 2.0%

The company’s fifty day moving average price is $111.55 and its 200-day moving average price is $94.97. The stock has a market capitalization of $3.04 billion, a PE ratio of 35.67 and a beta of 0.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HACK. Florida Financial Advisors LLC boosted its holdings in Amplify Cybersecurity ETF by 3.1% in the first quarter. Florida Financial Advisors LLC now owns 4,174 shares of the company’s stock worth $313,000 after acquiring an additional 125 shares in the last quarter. AdvisorNet Financial Inc grew its stake in shares of Amplify Cybersecurity ETF by 27.1% in the first quarter. AdvisorNet Financial Inc now owns 638 shares of the company’s stock worth $48,000 after acquiring an additional 136 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Amplify Cybersecurity ETF by 0.9% during the fourth quarter. IFP Advisors Inc now owns 16,984 shares of the company’s stock valued at $1,365,000 after acquiring an additional 151 shares in the last quarter. Independent Wealth Network Inc. increased its holdings in shares of Amplify Cybersecurity ETF by 1.5% during the first quarter. Independent Wealth Network Inc. now owns 12,727 shares of the company’s stock valued at $956,000 after acquiring an additional 193 shares in the last quarter. Finally, Evolution Wealth Management Inc. raised its position in shares of Amplify Cybersecurity ETF by 51.8% in the 1st quarter. Evolution Wealth Management Inc. now owns 580 shares of the company’s stock worth $44,000 after purchasing an additional 198 shares during 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.