Amplify Alternative Harvest ETF (NYSEARCA:MJ – Get Free Report) shot up 16.7% during mid-day trading on Wednesday . The stock traded as high as $31.70 and last traded at $30.28. 268,864 shares were traded during mid-day trading, an increase of 505% from the average session volume of 44,469 shares. The stock had previously closed at $25.95.
Amplify Alternative Harvest ETF Price Performance
The company has a market cap of $150.49 million, a P/E ratio of 16.86 and a beta of 1.01. The stock’s 50-day moving average is $24.88 and its two-hundred day moving average is $28.53.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MJ. 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 period. OLD Mission Capital LLC lifted its position in Amplify Alternative Harvest ETF by 65.5% during the fourth quarter. OLD Mission Capital LLC now owns 108,013 shares of the company’s stock valued at $3,218,000 after purchasing an additional 42,752 shares during the period. Q3 Asset Management bought a new position in Amplify Alternative Harvest ETF during the third quarter valued at approximately $1,084,000. Florin Court Capital LLP bought a new position in Amplify Alternative Harvest ETF during the third quarter valued at approximately $696,000. Finally, Group One Trading LLC bought a new position in Amplify Alternative Harvest ETF during the third quarter valued at approximately $379,000.
Amplify Alternative Harvest ETF Company Profile
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.
Further Reading
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