Short Interest in Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Decreases By 34.7%

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 6,943 shares, a decrease of 34.7% from the June 15th total of 10,632 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 4,575 shares, the short-interest ratio is currently 1.5 days.

Amplify Seymour Cannabis ETF Stock Performance

Shares of NYSEARCA CNBS opened at $26.22 on Friday. The company’s 50 day moving average price is $28.02 and its 200-day moving average price is $26.35. Amplify Seymour Cannabis ETF has a 52-week low of $16.44 and a 52-week high of $43.94. The company has a market capitalization of $74.46 million, a P/E ratio of 17.73 and a beta of 1.12.

Hedge Funds Weigh In On Amplify Seymour Cannabis ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Simplex Trading LLC lifted its position in shares of Amplify Seymour Cannabis ETF by 844.6% during the 4th 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 grew its holdings in Amplify Seymour Cannabis ETF by 15.9% in the fourth quarter. LPL Financial LLC now owns 25,499 shares of the company’s stock worth $723,000 after purchasing an additional 3,489 shares during the period. Jane Street Group LLC grew its holdings 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 purchasing an additional 22,070 shares during the period. Finally, Tidal Investments LLC grew its holdings 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 purchasing an additional 130,781 shares during the 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.