Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Shares Down 1.7% – Time to Sell?

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS)’s share price was down 1.7% during trading on Wednesday . The stock traded as low as $23.11 and last traded at $23.14. Approximately 10,531 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 23,833 shares. The stock had previously closed at $23.53.

Amplify Seymour Cannabis ETF Stock Down 1.7%

The stock has a market capitalization of $83.07 million, a price-to-earnings ratio of 17.73 and a beta of 1.21. The firm has a 50-day moving average of $25.27 and a two-hundred day moving average of $26.65.

Hedge Funds Weigh In On Amplify Seymour Cannabis ETF

A number of large investors have recently made changes to their positions in the business. Tidal Investments LLC boosted its holdings in shares of Amplify Seymour Cannabis ETF by 4.3% during the third quarter. Tidal Investments LLC now owns 3,146,879 shares of the company’s stock worth $93,053,000 after purchasing an additional 130,781 shares during the period. Jane Street Group LLC increased its stake in Amplify Seymour Cannabis ETF by 46.7% in the 4th quarter. Jane Street Group LLC now owns 69,304 shares of the company’s stock valued at $1,966,000 after buying an additional 22,070 shares during the period. LPL Financial LLC lifted its position in Amplify Seymour Cannabis ETF by 15.9% in the 4th quarter. LPL Financial LLC now owns 25,499 shares of the company’s stock worth $723,000 after buying an additional 3,489 shares in the last quarter. Magnus Financial Group LLC lifted its position in Amplify Seymour Cannabis ETF by 31.3% in the 3rd quarter. Magnus Financial Group LLC now owns 13,227 shares of the company’s stock worth $391,000 after buying an additional 3,150 shares in the last quarter. Finally, Simplex Trading LLC boosted its stake 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 valued at $25,000 after buying an additional 777 shares during the period.

About Amplify Seymour Cannabis ETF

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.