Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Shares Up 3.9% – Time to Buy?

Shares of Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) were up 3.9% during mid-day trading on Friday . The stock traded as high as $29.04 and last traded at $29.04. Approximately 2,329 shares were traded during trading, a decline of 84% from the average session volume of 14,230 shares. The stock had previously closed at $27.96.

Amplify Seymour Cannabis ETF Stock Performance

The company has a market cap of $82.47 million, a P/E ratio of 17.73 and a beta of 1.14. The stock has a 50 day moving average price of $26.69 and a 200 day moving average price of $26.09.

Institutional Investors Weigh In On Amplify Seymour Cannabis ETF

Several hedge funds and other institutional investors have recently bought and sold shares of CNBS. Tidal Investments LLC boosted its position in shares of Amplify Seymour Cannabis ETF by 4.3% during the 3rd quarter. Tidal Investments LLC now owns 3,146,879 shares of the company’s stock valued at $93,053,000 after purchasing an additional 130,781 shares in the last quarter. Jane Street Group LLC raised 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 purchasing an additional 22,070 shares in the last quarter. LPL Financial LLC lifted its stake in 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 purchasing an additional 3,489 shares during the last quarter. Finally, Simplex Trading LLC lifted its stake in 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 purchasing an additional 777 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.