Amplify Alternative Harvest ETF (NYSEARCA:MJ) Shares Up 0.7% – Here’s What Happened

Amplify Alternative Harvest ETF (NYSEARCA:MJ)’s share price shot up 0.7% on Wednesday . The stock traded as high as $25.39 and last traded at $25.18. 12,972 shares were traded during mid-day trading, a decline of 74% from the average session volume of 50,580 shares. The stock had previously closed at $25.01.

Amplify Alternative Harvest ETF Price Performance

The company has a 50 day moving average of $27.15 and a 200-day moving average of $30.44. The company has a market cap of $123.21 million, a P/E ratio of 16.86 and a beta of 1.24.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its position in Amplify Alternative Harvest ETF by 42.3% during the first quarter. Jane Street Group LLC now owns 182,616 shares of the company’s stock valued at $3,561,000 after purchasing an additional 54,316 shares during the last quarter. Simplex Trading LLC raised its position in shares of Amplify Alternative Harvest ETF by 79.3% during the 2nd quarter. Simplex Trading LLC now owns 2,858 shares of the company’s stock valued at $51,000 after buying an additional 1,264 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Amplify Alternative Harvest ETF during the 2nd quarter valued at $58,000. Wedmont Private Capital bought a new stake in shares of Amplify Alternative Harvest ETF during the 3rd quarter worth $283,000. Finally, Vontobel Holding Ltd. bought a new stake in shares of Amplify Alternative Harvest ETF during the 3rd quarter worth $307,000.

About Amplify Alternative Harvest ETF

The ETFMG Alternative Harvest ETF (MJ) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund tracks an index of global firms engaged in the legal cultivation, production, marketing or distribution of cannabis, cannabinoids or tobacco products. The portfolio is weighted by market cap or equally based on a proprietary system. MJ was launched on Dec 2, 2015 and is managed by ETF Managers Group.