Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Large Volume Increase – Still a Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK) saw unusually-high trading volume on Thursday . 122,325 shares traded hands during mid-day trading, a decline of 8% from the previous session’s volume of 132,831 shares.The stock last traded at $109.75 and had previously closed at $108.85.

Amplify Cybersecurity ETF Trading Down 2.6%

The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 35.67 and a beta of 0.85. The stock has a 50-day simple moving average of $96.32 and a 200 day simple moving average of $84.17.

Institutional Trading of Amplify Cybersecurity ETF

Hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC purchased a new position in Amplify Cybersecurity ETF during the fourth quarter valued at approximately $27,000. Garner Asset Management Corp purchased a new stake in Amplify Cybersecurity ETF in the 4th quarter worth approximately $28,000. Lodestone Wealth Management LLC acquired a new stake in shares of Amplify Cybersecurity ETF during the 4th quarter valued at $32,000. Elevated Capital Advisors LLC acquired a new stake in shares of Amplify Cybersecurity ETF during the 4th quarter valued at $34,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Amplify Cybersecurity ETF during the 4th quarter valued at $36,000.

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.