Short Interest in Amplify Cybersecurity ETF (NYSEARCA:HACK) Grows By 87.2%

Amplify Cybersecurity ETF (NYSEARCA:HACK) saw a significant growth in short interest in 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. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 165,901 shares, the short-interest ratio is currently 0.6 days.

Amplify Cybersecurity ETF Stock Down 0.1%

Shares of HACK stock traded down $0.13 during trading hours on Thursday, hitting $106.97. 253,743 shares of the company’s stock were exchanged, compared to its average volume of 132,597. The firm has a 50 day moving average of $92.73 and a two-hundred day moving average of $83.00. Amplify Cybersecurity ETF has a fifty-two week low of $69.66 and a fifty-two week high of $108.37. The firm has a market cap of $2.64 billion, a P/E ratio of 35.67 and a beta of 0.85.

Institutional Trading of Amplify Cybersecurity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HACK. PVG Asset Management Corp acquired a new position in Amplify Cybersecurity ETF in the second quarter valued at $314,000. Parallel Advisors LLC lifted its holdings in shares of Amplify Cybersecurity ETF by 9.3% in the first quarter. Parallel Advisors LLC now owns 8,221 shares of the company’s stock valued at $617,000 after purchasing an additional 700 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Amplify Cybersecurity ETF by 7.7% in the first quarter. Bank of America Corp DE now owns 180,181 shares of the company’s stock valued at $13,530,000 after acquiring an additional 12,947 shares in the last quarter. Centaurus Financial Inc. boosted its position in Amplify Cybersecurity ETF by 3.3% during the first quarter. Centaurus Financial Inc. now owns 18,861 shares of the company’s stock worth $1,416,000 after acquiring an additional 599 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its position in shares of 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.

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.