Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Stock Jumps 1.4% – What’s Next?

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) was up 1.4% during mid-day trading on Monday. The stock traded as high as $23.41 and last traded at $23.25. Approximately 1,760 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 12,570 shares. The stock had previously closed at $22.92.

Amplify Seymour Cannabis ETF Price Performance

The stock’s 50-day simple moving average is $26.90 and its two-hundred day simple moving average is $26.31. The firm has a market capitalization of $64.34 million, a P/E ratio of 17.73 and a beta of 1.18.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Amplify Seymour Cannabis ETF stock. Magnus Financial Group LLC acquired a new position in shares of Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,227 shares of the company’s stock, valued at approximately $346,000. Magnus Financial Group LLC owned 0.48% of Amplify Seymour Cannabis ETF as of its most recent SEC filing.

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.