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

Shares of Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) were up 3.6% on Monday . The company traded as high as $27.46 and last traded at $27.46. 1,701 shares traded hands during trading, a decline of 90% from the average session volume of 16,598 shares. The stock had previously closed at $26.51.

Amplify Seymour Cannabis ETF Price Performance

The company has a 50-day simple moving average of $28.30 and a 200-day simple moving average of $26.40. The stock has a market cap of $77.99 million, a PE ratio of 17.73 and a beta of 1.12.

Institutional Trading of Amplify Seymour Cannabis ETF

Several hedge funds and other institutional investors have recently made changes to their positions in CNBS. Simplex Trading LLC grew its position in Amplify Seymour Cannabis ETF by 844.6% during 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 period. LPL Financial LLC boosted 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 acquiring an additional 3,489 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of 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 worth $1,966,000 after acquiring an additional 22,070 shares during the period. Finally, Tidal Investments LLC grew its holdings in shares of Amplify Seymour Cannabis ETF by 4.3% in the 3rd quarter. Tidal Investments LLC now owns 3,146,879 shares of the company’s stock worth $93,053,000 after acquiring an additional 130,781 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.