Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Short Interest Update

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,040 shares, a decline of 60.8% from the August 15th total of 5,201 shares. Based on an average trading volume of 7,124 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNBS. Simplex Trading LLC grew its holdings 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 buying an additional 777 shares in the last quarter. LPL Financial LLC raised its position in shares of Amplify Seymour Cannabis ETF by 15.9% in the fourth quarter. LPL Financial LLC now owns 25,499 shares of the company’s stock valued at $723,000 after buying an additional 3,489 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of 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 buying an additional 22,070 shares during the period. Finally, Tidal Investments LLC lifted its stake in shares of 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 valued at $93,053,000 after buying an additional 130,781 shares during the period.

Amplify Seymour Cannabis ETF Trading Up 2.6%

Shares of NYSEARCA:CNBS traded up $0.72 on Monday, hitting $28.51. The company had a trading volume of 854 shares, compared to its average volume of 13,779. The company has a market cap of $80.98 million, a PE ratio of 17.73 and a beta of 1.17. Amplify Seymour Cannabis ETF has a 52-week low of $18.43 and a 52-week high of $43.94. The business has a 50 day moving average of $26.89 and a 200 day moving average of $26.45.

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.