Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Trading Up 9.3% – Time to Buy?

Shares of Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) were up 9.3% on Tuesday . The stock traded as high as $24.65 and last traded at $24.47. Approximately 16,508 shares traded hands during trading, a decline of 45% from the average daily volume of 30,145 shares. The stock had previously closed at $22.38.

Amplify Seymour Cannabis ETF Stock Performance

The firm has a market cap of $87.85 million, a price-to-earnings ratio of 17.73 and a beta of 1.21. The stock has a 50-day moving average of $27.13 and a 200-day moving average of $27.45.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Simplex Trading LLC increased its stake in Amplify Seymour Cannabis ETF by 844.6% in the 4th quarter. Simplex Trading LLC now owns 869 shares of the company’s stock valued at $25,000 after buying an additional 777 shares during the last quarter. Magnus Financial Group LLC grew its holdings in shares of Amplify Seymour Cannabis ETF by 31.3% in the 3rd quarter. Magnus Financial Group LLC now owns 13,227 shares of the company’s stock valued at $391,000 after acquiring an additional 3,150 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Amplify Seymour Cannabis ETF by 15.9% in the 4th 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 in the last quarter. Jane Street Group LLC increased its position in shares of 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 valued at $1,966,000 after acquiring an additional 22,070 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in Amplify Seymour Cannabis ETF by 4.3% during the third 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 in the last quarter.

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.