Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Large Increase in Short Interest

Amplify Cybersecurity ETF (NYSEARCA:HACK) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 1,044,540 shares, a growth of 243.1% from the August 31st total of 304,413 shares. Based on an average daily volume of 339,347 shares, the short-interest ratio is currently 3.1 days. Currently, 3.8% of the company’s shares are sold short.

Amplify Cybersecurity ETF Stock Down 3.1%

HACK traded down $3.83 during trading on Friday, hitting $118.35. The company’s stock had a trading volume of 320,309 shares, compared to its average volume of 182,447. The firm has a market capitalization of $3.21 billion, a P/E ratio of 35.67 and a beta of 0.85. Amplify Cybersecurity ETF has a twelve month low of $69.66 and a twelve month high of $124.42. The stock’s fifty day moving average price is $113.41 and its 200-day moving average price is $97.72.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. increased its position in Amplify Cybersecurity ETF by 2.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,509 shares of the company’s stock valued at $473,000 after buying an additional 99 shares in the last quarter. NorthRock Partners LLC acquired a new stake in Amplify Cybersecurity ETF in the second quarter valued at approximately $256,000. Integrated Wealth Concepts LLC grew its stake in Amplify Cybersecurity ETF by 9.1% in the second quarter. Integrated Wealth Concepts LLC now owns 15,713 shares of the company’s stock valued at $1,649,000 after acquiring an additional 1,312 shares during the period. RFG Advisory LLC bought a new stake in shares of Amplify Cybersecurity ETF during the second quarter valued at approximately $219,000. Finally, NewEdge Advisors LLC raised its position in shares of Amplify Cybersecurity ETF by 57.0% during the second quarter. NewEdge Advisors LLC now owns 21,632 shares of the company’s stock worth $2,270,000 after purchasing an additional 7,855 shares during the period.

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.