Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Trading Down 3.7% – Here’s What Happened

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS)’s stock price fell 3.7% during trading on Tuesday . The company traded as low as $29.17 and last traded at $29.26. 17,767 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 36,296 shares. The stock had previously closed at $30.37.

Amplify Seymour Cannabis ETF Stock Down 3.7%

The company has a market capitalization of $107.97 million, a price-to-earnings ratio of 17.73 and a beta of 1.21. The company has a 50-day moving average price of $25.96 and a 200-day moving average price of $25.79.

Institutional Investors Weigh In On Amplify Seymour Cannabis ETF

A hedge fund recently raised its stake in Amplify Seymour Cannabis ETF stock. Magnus Financial Group LLC lifted its holdings in Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) by 31.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,227 shares of the company’s stock after purchasing an additional 3,150 shares during the quarter. Magnus Financial Group LLC owned about 0.35% of Amplify Seymour Cannabis ETF worth $391,000 as of its most recent SEC filing.

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.