Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Stock Price Up 3.6% – Here’s Why

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) shares rose 3.6% on Monday . The stock traded as high as $27.46 and last traded at $27.46. 1,701 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 16,598 shares. The stock had previously closed at $26.51.

Amplify Seymour Cannabis ETF Stock Up 3.6%

The firm has a fifty day moving average price of $28.30 and a 200-day moving average price of $26.40. The firm has a market cap of $77.99 million, a price-to-earnings ratio of 17.73 and a beta of 1.12.

Hedge Funds Weigh In On Amplify Seymour Cannabis ETF

Several large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its stake in Amplify Seymour Cannabis ETF by 4.3% in the 3rd quarter. Tidal Investments LLC now owns 3,146,879 shares of the company’s stock worth $93,053,000 after buying an additional 130,781 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Amplify Seymour Cannabis ETF by 46.7% during the 4th quarter. Jane Street Group LLC now owns 69,304 shares of the company’s stock valued at $1,966,000 after acquiring an additional 22,070 shares during the last quarter. LPL Financial LLC increased its stake in shares of Amplify Seymour Cannabis ETF by 15.9% during the 4th quarter. LPL Financial LLC now owns 25,499 shares of the company’s stock valued at $723,000 after acquiring an additional 3,489 shares during the last quarter. Finally, Simplex Trading LLC lifted its holdings in shares of Amplify Seymour Cannabis ETF by 844.6% during the 4th quarter. Simplex Trading LLC now owns 869 shares of the company’s stock worth $25,000 after acquiring an additional 777 shares during the period.

Amplify Seymour Cannabis ETF Company Profile

The Amplify Growth Opportunities ETF (CNBS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of global stocks related to cannabis and hemp. The fund also invests in derivatives with similar characteristics. CNBS was launched on Jul 23, 2019 and is managed by Amplify.