Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Trading 2% Higher – Should You Buy?

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS)’s share price rose 2% during trading on Tuesday . The company traded as high as $25.36 and last traded at $25.36. Approximately 17,641 shares changed hands during trading, a decline of 31% from the average daily volume of 25,679 shares. The stock had previously closed at $24.87.

Amplify Seymour Cannabis ETF Price Performance

The firm has a 50-day simple moving average of $27.31 and a 200-day simple moving average of $26.92. The firm has a market capitalization of $91.04 million, a PE ratio of 17.73 and a beta of 1.21.

Institutional Trading of Amplify Seymour Cannabis ETF

An institutional investor recently raised its position in Amplify Seymour Cannabis ETF stock. Magnus Financial Group LLC raised its holdings in shares of Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) by 31.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,227 shares of the company’s stock after buying an additional 3,150 shares during the period. Magnus Financial Group LLC owned about 0.35% of Amplify Seymour Cannabis ETF worth $391,000 at the end of the most recent quarter.

Amplify Seymour Cannabis ETF Company Profile

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.