Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Large Volume Increase – Here’s Why

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) saw an uptick in trading volume on Tuesday . 118,281 shares traded hands during mid-day trading, a decline of 19% from the previous session’s volume of 145,505 shares.The stock last traded at $112.76 and had previously closed at $109.65.

Amplify Cybersecurity ETF Trading Up 3.2%

The stock has a market capitalization of $2.85 billion, a P/E ratio of 35.67 and a beta of 0.85. The stock’s 50 day simple moving average is $102.74 and its 200 day simple moving average is $87.22.

Hedge Funds Weigh In On Amplify Cybersecurity ETF

A number of hedge funds have recently bought and sold shares of HACK. Thrivent Financial for Lutherans acquired a new position in Amplify Cybersecurity ETF in the fourth quarter valued at approximately $26,998,000. Cetera Investment Advisers raised its position in shares of Amplify Cybersecurity ETF by 38.4% during the 1st quarter. Cetera Investment Advisers now owns 207,321 shares of the company’s stock worth $15,568,000 after purchasing an additional 57,471 shares during the period. Artesa Financial Group LLC bought a new stake in shares of Amplify Cybersecurity ETF in the 4th quarter worth approximately $4,429,000. Independent Financial Group LLC bought a new stake in shares of Amplify Cybersecurity ETF in the 1st quarter worth approximately $3,370,000. Finally, Corient Private Wealth LLC lifted its holdings in shares of Amplify Cybersecurity ETF by 49.2% in the 4th quarter. Corient Private Wealth LLC now owns 118,247 shares of the company’s stock worth $9,504,000 after purchasing an additional 38,992 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.