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

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) saw unusually-high trading volume on Wednesday . Approximately 725,782 shares traded hands during mid-day trading, an increase of 547% from the previous session’s volume of 112,097 shares.The stock last traded at $71.13 and had previously closed at $71.58.

Amplify Cybersecurity ETF Stock Performance

The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 28.43 and a beta of 0.87. The business has a 50 day simple moving average of $74.39 and a 200-day simple moving average of $74.19.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. LFA Lugano Financial Advisors SA bought a new stake in shares of Amplify Cybersecurity ETF in the 4th quarter worth approximately $26,000. Harbour Investments Inc. lifted its position in shares of Amplify Cybersecurity ETF by 130.3% in the 4th quarter. Harbour Investments Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 198 shares during the period. NBC Securities Inc. purchased a new position in shares of Amplify Cybersecurity ETF during the first quarter valued at about $27,000. Geneos Wealth Management Inc. bought a new position in Amplify Cybersecurity ETF in the fourth quarter worth about $46,000. Finally, Compass Wealth Management LLC purchased a new stake in Amplify Cybersecurity ETF in the fourth quarter worth about $48,000.

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. HACK was launched on Nov 11, 2014 and is managed by ETF Managers Group.