Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Stock Price Up 1.4% – Here’s What Happened

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) shares shot up 1.4% on Monday. The company traded as high as $23.41 and last traded at $23.25. 1,760 shares changed hands during trading, a decline of 86% from the average session volume of 12,570 shares. The stock had previously closed at $22.92.

Amplify Seymour Cannabis ETF Trading Up 1.4%

The company’s 50-day moving average is $27.10 and its 200-day moving average is $26.38. The firm has a market cap of $63.70 million, a price-to-earnings ratio of 17.73 and a beta of 1.18.

Institutional Trading of Amplify Seymour Cannabis ETF

An institutional investor recently bought a new stake in Amplify Seymour Cannabis ETF stock. Magnus Financial Group LLC bought a new position in shares of Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,227 shares of the company’s stock, valued at approximately $346,000. Magnus Financial Group LLC owned 0.48% of Amplify Seymour Cannabis ETF at the end of the most recent reporting 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.