Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Strong Trading Volume – What’s Next?

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares saw unusually-strong trading volume on Friday . Approximately 61,532 shares were traded during trading, a decline of 47% from the previous session’s volume of 116,846 shares.The stock last traded at $72.50 and had previously closed at $74.80.

Amplify Cybersecurity ETF Trading Down 4.9%

The stock has a 50-day simple moving average of $75.99 and a 200 day simple moving average of $80.96. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 35.67 and a beta of 0.81.

Institutional Trading of Amplify Cybersecurity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HACK. NewEdge Advisors LLC lifted its position in Amplify Cybersecurity ETF by 9.5% during the 1st quarter. NewEdge Advisors LLC now owns 12,135 shares of the company’s stock worth $871,000 after acquiring an additional 1,057 shares during the period. Schnieders Capital Management LLC. lifted its position in Amplify Cybersecurity ETF by 14.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 7,953 shares of the company’s stock worth $687,000 after acquiring an additional 1,000 shares during the period. Baird Financial Group Inc. lifted its position in Amplify Cybersecurity ETF by 93.7% during the 2nd quarter. Baird Financial Group Inc. now owns 27,600 shares of the company’s stock worth $2,384,000 after acquiring an additional 13,349 shares during the period. Cerity Partners LLC lifted its position in Amplify Cybersecurity ETF by 9.2% during the 2nd quarter. Cerity Partners LLC now owns 39,916 shares of the company’s stock worth $3,448,000 after acquiring an additional 3,364 shares during the period. Finally, Raymond James Financial Inc. lifted its position in Amplify Cybersecurity ETF by 6.7% during the 2nd quarter. Raymond James Financial Inc. now owns 258,694 shares of the company’s stock worth $22,343,000 after acquiring an additional 16,186 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.