Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Stock Price Up 3.6% – Here’s Why

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS)’s stock price rose 3.6% during mid-day trading on Wednesday . The company traded as high as $26.77 and last traded at $26.65. Approximately 6,181 shares were traded during trading, a decline of 70% from the average daily volume of 20,457 shares. The stock had previously closed at $25.73.

Amplify Seymour Cannabis ETF Stock Down 3.1%

The stock’s 50-day simple moving average is $25.27 and its 200 day simple moving average is $25.49. The company has a market cap of $85.61 million, a price-to-earnings ratio of 17.73 and a beta of 1.15.

Hedge Funds Weigh In On Amplify Seymour Cannabis ETF

Hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC boosted its position in shares of Amplify Seymour Cannabis ETF by 4.3% during the 3rd 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 period. Jane Street Group LLC boosted its position in shares of Amplify Seymour Cannabis ETF by 46.7% during the 4th quarter. Jane Street Group LLC now owns 69,304 shares of the company’s stock worth $1,966,000 after purchasing an additional 22,070 shares during the period. LPL Financial LLC boosted its position in shares of Amplify Seymour Cannabis ETF by 15.9% during the 4th 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 period. Finally, Simplex Trading LLC boosted its position in shares of Amplify Seymour Cannabis ETF by 844.6% during the 4th quarter. Simplex Trading LLC now owns 869 shares of the company’s stock worth $25,000 after purchasing an additional 777 shares during the period.

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.