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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Amplify Seymour Cannabis ETF stock. Magnus Financial Group LLC acquired a new stake in Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,227 shares of the company’s stock, valued at approximately $346,000. Magnus Financial Group LLC owned approximately 0.48% of Amplify Seymour Cannabis ETF at the end of the most recent reporting period.

Amplify Seymour Cannabis ETF Trading Down 3.2%

Shares of Amplify Seymour Cannabis ETF stock traded down $0.71 on Friday, hitting $21.70. 4,903 shares of the company traded hands, compared to its average volume of 11,983. The company has a market cap of $59.46 million, a PE ratio of 17.75 and a beta of 1.27. The stock’s 50 day moving average price is $25.77 and its 200-day moving average price is $26.02. Amplify Seymour Cannabis ETF has a 52 week low of $18.43 and a 52 week high of $43.94.

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.