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

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) saw unusually-high 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 Performance

The stock has a 50-day moving average price of $63.18 and a two-hundred day moving average price of $60.44. The stock has a market capitalization of $1.74 billion, a PE ratio of 32.94 and a beta of 1.41.

Hedge Funds Weigh In On Amplify Cybersecurity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in HACK. Brookstone Capital Management boosted its stake in Amplify Cybersecurity ETF by 2.6% during the fourth quarter. Brookstone Capital Management now owns 17,700 shares of the company’s stock worth $1,069,000 after buying an additional 445 shares during the period. Arkadios Wealth Advisors grew its holdings in Amplify Cybersecurity ETF by 222.6% during the 4th quarter. Arkadios Wealth Advisors now owns 16,199 shares of the company’s stock valued at $979,000 after purchasing an additional 11,178 shares during the last quarter. Mayflower Financial Advisors LLC raised its position in Amplify Cybersecurity ETF by 26.8% in the 4th quarter. Mayflower Financial Advisors LLC now owns 6,145 shares of the company’s stock worth $371,000 after purchasing an additional 1,300 shares during the period. Cornerstone Wealth Management LLC bought a new stake in Amplify Cybersecurity ETF in the fourth quarter worth about $209,000. Finally, IFG Advisory LLC boosted its position in shares of Amplify Cybersecurity ETF by 50.7% during the fourth quarter. IFG Advisory LLC now owns 6,977 shares of the company’s stock valued at $421,000 after buying an additional 2,347 shares during the period.

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.