Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Stock Short Interest Falls 51.1%

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) was the recipient of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 6,952 shares, a decrease of 51.1% from the October 15th total of 14,220 shares. Based on an average daily volume of 2,778 shares, the short-interest ratio is presently 2.5 days. Currently, 0.3% of the company’s stock are sold short.

Amplify Seymour Cannabis ETF Stock Down 3.2%

Shares of NYSEARCA CNBS traded down $0.71 during midday trading on Friday, reaching $21.70. 4,903 shares of the company’s stock traded hands, compared to its average volume of 11,983. The stock’s 50 day simple moving average is $25.77 and its 200-day simple moving average is $26.02. Amplify Seymour Cannabis ETF has a one year low of $18.43 and a one year high of $43.94. The company has a market cap of $59.46 million, a price-to-earnings ratio of 17.75 and a beta of 1.27.

Hedge Funds Weigh In On Amplify Seymour Cannabis ETF

An institutional investor recently bought a new position in Amplify Seymour Cannabis ETF stock. Simplex Trading LLC bought a new stake in shares of Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,050 shares of the company’s stock, valued at approximately $27,000.

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.