Amplify Cybersecurity ETF (NYSEARCA:HACK) Shares Shorted: Short Interest Up 243.1% in September

Amplify Cybersecurity ETF (NYSEARCA:HACK) was the recipient of a significant increase in short interest in 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. Currently, 3.8% of the shares of the company are sold short. Based on an average daily volume of 339,347 shares, the short-interest ratio is presently 3.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HACK. Cetera Investment Advisers lifted its holdings in Amplify Cybersecurity ETF by 38.4% in the first quarter. Cetera Investment Advisers now owns 207,321 shares of the company’s stock valued at $15,568,000 after acquiring an additional 57,471 shares during the period. Bank of America Corp DE increased its holdings in shares of Amplify Cybersecurity ETF by 7.7% in the 1st quarter. Bank of America Corp DE now owns 180,181 shares of the company’s stock valued at $13,530,000 after purchasing an additional 12,947 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Amplify Cybersecurity ETF by 44.8% in the 1st quarter. D.A. Davidson & CO. now owns 73,286 shares of the company’s stock valued at $5,503,000 after purchasing an additional 22,665 shares in the last quarter. Thoma Capital Management LLC lifted its stake in shares of Amplify Cybersecurity ETF by 5.4% in the first quarter. Thoma Capital Management LLC now owns 68,835 shares of the company’s stock valued at $5,169,000 after purchasing an additional 3,544 shares during the period. Finally, Artesa Financial Group LLC lifted its stake in shares of Amplify Cybersecurity ETF by 1.8% in the first quarter. Artesa Financial Group LLC now owns 56,095 shares of the company’s stock valued at $4,212,000 after purchasing an additional 986 shares during the period.

Amplify Cybersecurity ETF Price Performance

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

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.