Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Unusually-High Trading Volume

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares saw unusually-strong trading volume on Wednesday . Approximately 1,264,942 shares changed hands during trading, an increase of 716% from the previous session’s volume of 154,953 shares.The stock last traded at $60.97 and had previously closed at $61.57.

Amplify Cybersecurity ETF Stock Down 1.2 %

The stock has a market cap of $1.74 billion, a P/E ratio of 32.94 and a beta of 1.41. The firm’s 50-day moving average is $63.18 and its two-hundred day moving average is $60.44.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Salem Investment Counselors Inc. lifted its position in Amplify Cybersecurity ETF by 300.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 400 shares of the company’s stock worth $26,000 after acquiring an additional 300 shares during the last quarter. Signaturefd LLC increased its position in Amplify Cybersecurity ETF by 65.8% in the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $37,000 after buying an additional 288 shares during the period. Glassman Wealth Services acquired a new position in shares of Amplify Cybersecurity ETF during the first quarter worth approximately $55,000. Able Wealth Management LLC bought a new stake in shares of Amplify Cybersecurity ETF in the fourth quarter valued at approximately $61,000. Finally, PFS Partners LLC bought a new position in Amplify Cybersecurity ETF during the first quarter worth $61,000.

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. HACK was launched on Nov 11, 2014 and is managed by ETF Managers Group.