Amplify Cybersecurity ETF (NYSEARCA:HACK – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 204,832 shares, a growth of 57.0% from the July 30th total of 130,468 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 294,939 shares, the days-to-cover ratio is currently 0.7 days.
Amplify Cybersecurity ETF Stock Down 2.2%
HACK opened at $109.38 on Thursday. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 35.67 and a beta of 0.84. The firm has a 50-day moving average price of $110.36 and a 200-day moving average price of $92.92. Amplify Cybersecurity ETF has a twelve month low of $69.66 and a twelve month high of $121.97.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of HACK. Ameritas Advisory Services LLC raised its holdings in Amplify Cybersecurity ETF by 89.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 20,460 shares of the company’s stock valued at $2,147,000 after acquiring an additional 9,686 shares during the period. Fortitude Advisory Group L.L.C. bought a new position in shares of Amplify Cybersecurity ETF in the second quarter worth $244,000. Compass Financial Management LLC bought a new position in shares of Amplify Cybersecurity ETF in the second quarter worth $232,000. TD Waterhouse Canada Inc. grew its position in shares of Amplify Cybersecurity ETF by 5.8% in the second quarter. TD Waterhouse Canada Inc. now owns 25,871 shares of the company’s stock valued at $2,769,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Amplify Cybersecurity ETF in the second quarter valued at $209,000.
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.
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