Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Large Increase in Short Interest

Amplify Cybersecurity ETF (NYSEARCA:HACK) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,044,540 shares, an increase of 243.1% from the August 31st total of 304,413 shares. Based on an average daily trading volume, of 339,347 shares, the short-interest ratio is currently 3.1 days. Approximately 3.8% of the company’s stock are sold short.

Amplify Cybersecurity ETF Price Performance

Shares of NYSEARCA HACK traded down $3.83 during mid-day trading on Friday, reaching $118.35. 320,309 shares of the company’s stock traded hands, compared to its average volume of 182,447. The stock has a market cap of $3.21 billion, a P/E ratio of 35.67 and a beta of 0.85. The business has a 50-day simple moving average of $113.41 and a 200 day simple moving average of $97.72. Amplify Cybersecurity ETF has a 1-year low of $69.66 and a 1-year high of $124.42.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Amplify Cybersecurity ETF by 2.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,509 shares of the company’s stock worth $473,000 after buying an additional 99 shares during the last quarter. NorthRock Partners LLC bought a new stake in Amplify Cybersecurity ETF during the second quarter worth $256,000. Integrated Wealth Concepts LLC lifted its holdings in Amplify Cybersecurity ETF by 9.1% during the second quarter. Integrated Wealth Concepts LLC now owns 15,713 shares of the company’s stock worth $1,649,000 after acquiring an additional 1,312 shares during the period. RFG Advisory LLC bought a new stake in Amplify Cybersecurity ETF during the second quarter worth $219,000. Finally, NewEdge Advisors LLC boosted its position in Amplify Cybersecurity ETF by 57.0% in the second quarter. NewEdge Advisors LLC now owns 21,632 shares of the company’s stock worth $2,270,000 after purchasing an additional 7,855 shares during 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.