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

Amplify Cybersecurity ETF (NYSEARCA:HACK) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 104,306 shares, a growth of 87.2% from the May 31st total of 55,722 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 165,901 shares, the short-interest ratio is presently 0.6 days.

Amplify Cybersecurity ETF Stock Performance

Shares of NYSEARCA:HACK traded up $2.17 during trading on Wednesday, reaching $107.10. 229,504 shares of the stock traded hands, compared to its average volume of 131,620. The stock has a market cap of $2.66 billion, a P/E ratio of 35.67 and a beta of 0.86. The stock has a 50-day moving average of $92.19 and a two-hundred day moving average of $82.84. Amplify Cybersecurity ETF has a 52-week low of $69.66 and a 52-week high of $108.37.

Institutional Trading of Amplify Cybersecurity ETF

A number of institutional investors and hedge funds have recently modified their holdings of HACK. Thrivent Financial for Lutherans purchased a new stake in shares of Amplify Cybersecurity ETF during the fourth quarter valued at $26,998,000. BFI Infinity Ltd. raised its position in Amplify Cybersecurity ETF by 106.3% in the 4th quarter. BFI Infinity Ltd. now owns 7,468 shares of the company’s stock worth $600,000 after buying an additional 125,637 shares during the last quarter. Cetera Investment Advisers raised its position in Amplify Cybersecurity ETF by 38.4% in the 1st quarter. Cetera Investment Advisers now owns 207,321 shares of the company’s stock worth $15,568,000 after buying an additional 57,471 shares during the last quarter. Artesa Financial Group LLC bought a new position in Amplify Cybersecurity ETF during the 4th quarter valued at about $4,429,000. Finally, Independent Financial Group LLC bought a new position in Amplify Cybersecurity ETF during the 1st quarter valued at about $3,370,000.

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.