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

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares saw unusually-high trading volume on Tuesday . Approximately 332,029 shares traded hands during trading, an increase of 173% from the previous session’s volume of 121,648 shares.The stock last traded at $78.03 and had previously closed at $76.57.

Amplify Cybersecurity ETF Trading Up 2.7 %

The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 32.94 and a beta of 1.41. The firm has a 50-day simple moving average of $75.40 and a two-hundred day simple moving average of $70.25.

Institutional Trading of Amplify Cybersecurity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can lifted its stake in shares of Amplify Cybersecurity ETF by 22.1% in the second quarter. Bank of Montreal Can now owns 10,060 shares of the company’s stock worth $654,000 after buying an additional 1,822 shares during the last quarter. Creative Planning raised its holdings in Amplify Cybersecurity ETF by 9.9% in the 2nd quarter. Creative Planning now owns 15,847 shares of the company’s stock worth $1,026,000 after acquiring an additional 1,422 shares during the period. EP Wealth Advisors LLC lifted its position in Amplify Cybersecurity ETF by 34.0% during the 2nd quarter. EP Wealth Advisors LLC now owns 4,340 shares of the company’s stock worth $281,000 after acquiring an additional 1,102 shares during the last quarter. Cetera Investment Advisers lifted its position in Amplify Cybersecurity ETF by 3.5% during the 2nd quarter. Cetera Investment Advisers now owns 63,076 shares of the company’s stock worth $4,083,000 after acquiring an additional 2,159 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Amplify Cybersecurity ETF during the second quarter valued at about $413,000.

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. HACK was launched on Nov 11, 2014 and is managed by ETF Managers Group.