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

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) saw unusually-high trading volume on Wednesday . 341,596 shares traded hands during trading, an increase of 145% from the previous session’s volume of 139,320 shares.The stock last traded at $111.08 and had previously closed at $114.29.

Amplify Cybersecurity ETF Stock Down 2.3%

The business’s fifty day moving average is $97.53 and its two-hundred day moving average is $84.61. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 35.67 and a beta of 0.85.

Institutional Trading of Amplify Cybersecurity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in shares of Amplify Cybersecurity ETF during the fourth quarter worth approximately $27,000. Garner Asset Management Corp acquired a new position in shares of Amplify Cybersecurity ETF in the 4th quarter valued at $28,000. Lodestone Wealth Management LLC bought a new position in shares of Amplify Cybersecurity ETF in the 4th quarter worth $32,000. Elevated Capital Advisors LLC acquired a new stake in shares of Amplify Cybersecurity ETF during the fourth quarter worth $34,000. Finally, Laurel Wealth Advisors LLC bought a new stake in Amplify Cybersecurity ETF in the fourth quarter valued at about $36,000.

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.