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

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) saw an uptick in trading volume on Thursday . Approximately 122,325 shares changed hands during trading, a decline of 8% from the previous session’s volume of 132,831 shares.The stock last traded at $109.75 and had previously closed at $108.85.

Amplify Cybersecurity ETF Stock Up 2.1%

The stock has a fifty day moving average of $95.10 and a 200-day moving average of $83.78. The firm has a market capitalization of $2.75 billion, a P/E ratio of 35.67 and a beta of 0.85.

Institutional Trading of Amplify Cybersecurity ETF

A number of large investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in shares of Amplify Cybersecurity ETF in the fourth quarter valued at $27,000. Garner Asset Management Corp bought a new stake in shares of Amplify Cybersecurity ETF during the fourth quarter worth approximately $28,000. Lodestone Wealth Management LLC bought a new stake in shares of Amplify Cybersecurity ETF during the fourth quarter worth approximately $32,000. Elevated Capital Advisors LLC bought a new position in shares of Amplify Cybersecurity ETF during the fourth quarter worth approximately $34,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of Amplify Cybersecurity ETF during the fourth quarter worth approximately $36,000.

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.