Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Trading Up 3.9% – Here’s Why

Shares of Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) shot up 3.9% on Friday . The company traded as high as $29.04 and last traded at $29.04. Approximately 2,329 shares traded hands during trading, a decline of 84% from the average session volume of 14,230 shares. The stock had previously closed at $27.96.

Amplify Seymour Cannabis ETF Stock Up 3.9%

The firm has a 50 day simple moving average of $26.69 and a 200-day simple moving average of $26.09. The company has a market cap of $82.47 million, a PE ratio of 17.73 and a beta of 1.14.

Institutional Trading of Amplify Seymour Cannabis ETF

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC lifted its position in Amplify Seymour Cannabis ETF by 46.7% during 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. Tidal Investments LLC grew its holdings in Amplify Seymour Cannabis ETF by 4.3% in the third quarter. Tidal Investments LLC now owns 3,146,879 shares of the company’s stock worth $93,053,000 after purchasing an additional 130,781 shares during the last quarter. LPL Financial LLC grew its holdings in Amplify Seymour Cannabis ETF by 15.9% in the fourth quarter. LPL Financial LLC now owns 25,499 shares of the company’s stock worth $723,000 after purchasing an additional 3,489 shares during the last quarter. Finally, Simplex Trading LLC increased its position in shares of Amplify Seymour Cannabis ETF by 844.6% during the fourth quarter. Simplex Trading LLC now owns 869 shares of the company’s stock worth $25,000 after purchasing an additional 777 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.