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

Amplify Cybersecurity ETF (NYSEARCA:HACK) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 204,832 shares, an increase of 57.0% from the July 30th total of 130,468 shares. Based on an average daily volume of 294,939 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Trading of Amplify Cybersecurity ETF

A number of large investors have recently modified their holdings of HACK. Florida Financial Advisors LLC lifted its position in Amplify Cybersecurity ETF by 3.1% in the 1st quarter. Florida Financial Advisors LLC now owns 4,174 shares of the company’s stock valued at $313,000 after purchasing an additional 125 shares during the last quarter. AdvisorNet Financial Inc grew its position in Amplify Cybersecurity ETF by 27.1% in the 1st quarter. AdvisorNet Financial Inc now owns 638 shares of the company’s stock worth $48,000 after purchasing an additional 136 shares during the last quarter. Tocqueville Asset Management L.P. grew its position in Amplify Cybersecurity ETF by 1.4% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 10,669 shares of the company’s stock worth $926,000 after purchasing an additional 145 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Amplify Cybersecurity ETF by 0.9% in the fourth quarter. IFP Advisors Inc now owns 16,984 shares of the company’s stock valued at $1,365,000 after purchasing an additional 151 shares during the period. Finally, Merit Financial Group LLC increased its stake in shares of Amplify Cybersecurity ETF by 5.8% in the third quarter. Merit Financial Group LLC now owns 2,926 shares of the company’s stock valued at $254,000 after purchasing an additional 160 shares during the period.

Amplify Cybersecurity ETF Trading Down 4.4%

HACK stock opened at $111.85 on Wednesday. The stock’s 50 day simple moving average is $110.09 and its 200 day simple moving average is $92.68. Amplify Cybersecurity ETF has a 12-month low of $69.66 and a 12-month high of $121.97. The firm has a market cap of $2.81 billion, a P/E ratio of 35.67 and a beta of 0.84.

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.