Short Interest in Amplify Cybersecurity ETF (NYSEARCA:HACK) Decreases By 53.8%

Amplify Cybersecurity ETF (NYSEARCA:HACK) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 130,468 shares, a decline of 53.8% from the July 15th total of 282,637 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 187,913 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Amplify Cybersecurity ETF

A number of large investors have recently modified their holdings of HACK. NewEdge Advisors LLC raised its holdings in Amplify Cybersecurity ETF by 9.5% during the first quarter. NewEdge Advisors LLC now owns 12,135 shares of the company’s stock worth $871,000 after acquiring an additional 1,057 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in Amplify Cybersecurity ETF by 14.4% in the second quarter. Schnieders Capital Management LLC. now owns 7,953 shares of the company’s stock valued at $687,000 after purchasing an additional 1,000 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of 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 purchasing an additional 13,349 shares during the last quarter. Cerity Partners LLC increased its position in shares of 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 purchasing an additional 3,364 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of 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 purchasing an additional 16,186 shares in the last quarter.

Amplify Cybersecurity ETF Stock Performance

Amplify Cybersecurity ETF stock traded down $2.46 during mid-day trading on Monday, reaching $115.72. The company’s stock had a trading volume of 254,276 shares, compared to its average volume of 155,032. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 35.67 and a beta of 0.84. Amplify Cybersecurity ETF has a 12 month low of $69.66 and a 12 month high of $121.97. The business’s 50 day simple moving average is $106.00 and its 200 day simple moving average is $89.64.

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.