Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Significant Decline in Short Interest

Amplify Cybersecurity ETF (NYSEARCA:HACK) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 130,468 shares, a decline of 53.8% from the July 15th total of 282,637 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 187,913 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

Several institutional investors have recently bought and sold shares of HACK. Schnieders Capital Management LLC. raised its stake in shares of Amplify Cybersecurity ETF by 14.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 7,953 shares of the company’s stock valued at $687,000 after acquiring an additional 1,000 shares during the period. D.A. Davidson & CO. increased its holdings in Amplify Cybersecurity ETF by 47.7% in the 4th quarter. D.A. Davidson & CO. now owns 50,621 shares of the company’s stock valued at $4,068,000 after purchasing an additional 16,357 shares in the last quarter. Western Wealth Management LLC acquired a new stake in Amplify Cybersecurity ETF in the 4th quarter valued at $718,000. Arkadios Wealth Advisors raised its position in Amplify Cybersecurity ETF by 26.5% in the first quarter. Arkadios Wealth Advisors now owns 48,715 shares of the company’s stock valued at $3,658,000 after purchasing an additional 10,215 shares during the period. Finally, Hyposwiss Advisors SA purchased a new position in Amplify Cybersecurity ETF in the fourth quarter valued at about $1,689,000.

Amplify Cybersecurity ETF Stock Performance

Shares of NYSEARCA:HACK traded down $3.71 during trading on Friday, reaching $118.18. 228,055 shares of the stock were exchanged, compared to its average volume of 154,444. The firm’s 50-day moving average price is $106.00 and its 200 day moving average price is $89.57. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 35.67 and a beta of 0.84. Amplify Cybersecurity ETF has a 12-month low of $69.66 and a 12-month high of $121.97.

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.