Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Shares Up 3.9% – Time to Buy?

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) shares were up 3.9% on Friday . The stock traded as high as $29.04 and last traded at $29.04. Approximately 2,329 shares were traded during trading, a decline of 84% from the average daily volume of 14,230 shares. The stock had previously closed at $27.96.

Amplify Seymour Cannabis ETF Trading Up 3.9%

The stock has a fifty day moving average of $26.69 and a 200-day moving average of $26.09. The firm has a market capitalization of $82.47 million, a price-to-earnings ratio of 17.73 and a beta of 1.14.

Institutional Trading of Amplify Seymour Cannabis ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC boosted its holdings in shares of Amplify Seymour Cannabis ETF by 4.3% in the third 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 period. Jane Street Group LLC increased its stake in shares of Amplify Seymour Cannabis ETF by 46.7% in the fourth quarter. Jane Street Group LLC now owns 69,304 shares of the company’s stock worth $1,966,000 after acquiring an additional 22,070 shares during the last quarter. LPL Financial LLC raised 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 worth $723,000 after purchasing an additional 3,489 shares in the last quarter. Finally, Simplex Trading LLC increased its holdings in Amplify Seymour Cannabis ETF by 844.6% in the fourth quarter. Simplex Trading LLC now owns 869 shares of the company’s stock worth $25,000 after buying an additional 777 shares during the last quarter.

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.