Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Trading 3.6% Higher – Still a Buy?

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) traded up 3.6% during trading on Wednesday . The company traded as high as $26.77 and last traded at $26.65. 6,181 shares changed hands during trading, a decline of 70% from the average session volume of 20,457 shares. The stock had previously closed at $25.73.

Amplify Seymour Cannabis ETF Stock Up 3.6%

The firm has a market cap of $87.68 million, a price-to-earnings ratio of 17.73 and a beta of 1.15. The stock’s 50 day moving average is $25.19 and its 200 day moving average is $25.49.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Simplex Trading LLC increased its stake in shares of Amplify Seymour Cannabis ETF by 844.6% during the fourth quarter. Simplex Trading LLC now owns 869 shares of the company’s stock valued at $25,000 after acquiring an additional 777 shares during the period. LPL Financial LLC increased its stake in shares of Amplify Seymour Cannabis ETF by 15.9% during the fourth 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 period. Jane Street Group LLC grew its position in 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 buying an additional 22,070 shares during the last quarter. Finally, Tidal Investments LLC grew its position in 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 last quarter.

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.