Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Unusually-High Trading Volume – Here’s Why

Amplify Cybersecurity ETF (NYSEARCA:HACK) saw unusually-strong trading volume on Thursday . Approximately 111,322 shares were traded during trading, a decline of 30% from the previous session’s volume of 158,322 shares.The stock last traded at $115.88 and had previously closed at $109.61.

Amplify Cybersecurity ETF Stock Up 7.2%

The company has a fifty day simple moving average of $108.49 and a 200-day simple moving average of $91.58. The firm has a market cap of $2.95 billion, a P/E ratio of 35.67 and a beta of 0.84.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HACK. Garner Asset Management Corp purchased a new stake in Amplify Cybersecurity ETF in the 4th quarter worth approximately $28,000. Laurel Wealth Advisors LLC purchased a new position in Amplify Cybersecurity ETF during the fourth quarter valued at approximately $36,000. Y.D. More Investments Ltd boosted its position in shares of Amplify Cybersecurity ETF by 292.0% in the first quarter. Y.D. More Investments Ltd now owns 588 shares of the company’s stock worth $43,000 after purchasing an additional 438 shares during the period. Simplex Trading LLC bought a new position in shares of Amplify Cybersecurity ETF in the fourth quarter worth approximately $43,000. Finally, Evolution Wealth Management Inc. increased its stake in shares of Amplify Cybersecurity ETF by 51.8% in the first quarter. Evolution Wealth Management Inc. now owns 580 shares of the company’s stock worth $44,000 after purchasing an additional 198 shares in the last quarter.

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.