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

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares saw unusually-strong trading volume on Thursday . Approximately 142,661 shares changed hands during mid-day trading, a decline of 6% from the previous session’s volume of 151,614 shares.The stock last traded at $119.13 and had previously closed at $118.86.

Amplify Cybersecurity ETF Price Performance

The company has a fifty day moving average of $105.17 and a two-hundred day moving average of $89.07. The stock has a market capitalization of $3.00 billion, a P/E ratio of 35.67 and a beta of 0.84.

Hedge Funds Weigh In On Amplify Cybersecurity ETF

A number of hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC increased its stake in Amplify Cybersecurity ETF by 2.7% during the fourth quarter. HighTower Advisors LLC now owns 348,876 shares of the company’s stock valued at $28,039,000 after purchasing an additional 9,275 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Amplify Cybersecurity ETF in the 4th quarter valued at about $26,998,000. Raymond James Financial Inc. boosted its holdings in shares of Amplify Cybersecurity ETF by 0.8% in the 3rd quarter. Raymond James Financial Inc. now owns 260,889 shares of the company’s stock valued at $22,645,000 after buying an additional 2,195 shares during the period. Cetera Investment Advisers grew its position in shares of Amplify Cybersecurity ETF by 38.4% during the 1st quarter. Cetera Investment Advisers now owns 207,321 shares of the company’s stock valued at $15,568,000 after buying an additional 57,471 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Amplify Cybersecurity ETF by 7.7% during the first quarter. Bank of America Corp DE now owns 180,181 shares of the company’s stock worth $13,530,000 after acquiring an additional 12,947 shares during the period.

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.