Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Strong Trading Volume – Should You Buy?

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACKGet Free Report) saw unusually-strong trading volume on Monday . 85,785 shares changed hands during mid-day trading, a decline of 33% from the previous session’s volume of 127,391 shares.The stock last traded at $102.29 and had previously closed at $98.65.

Amplify Cybersecurity ETF Trading Up 4.3%

The business’s 50 day moving average price is $90.61 and its two-hundred day moving average price is $82.43. The stock has a market cap of $2.56 billion, a P/E ratio of 35.67 and a beta of 0.86.

Hedge Funds Weigh In On Amplify Cybersecurity ETF

A number of institutional investors have recently added to or reduced their stakes in HACK. Sound Income Strategies LLC bought a new position in shares of Amplify Cybersecurity ETF in the 4th quarter worth about $27,000. Garner Asset Management Corp bought a new stake in Amplify Cybersecurity ETF during the fourth quarter worth about $28,000. Lodestone Wealth Management LLC bought a new stake in Amplify Cybersecurity ETF during the fourth quarter worth about $32,000. Elevated Capital Advisors LLC purchased a new stake in Amplify Cybersecurity ETF in the fourth quarter worth about $34,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in Amplify Cybersecurity ETF in the fourth quarter worth about $36,000.

About Amplify Cybersecurity ETF

(Get Free Report)

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.

Further Reading

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