Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Trading Up 0.4% – Time to Buy?

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) shares shot up 0.4% during mid-day trading on Friday . The stock traded as high as $21.20 and last traded at $20.98. 1,140 shares traded hands during trading, a decline of 96% from the average session volume of 28,702 shares. The stock had previously closed at $20.89.

Amplify Seymour Cannabis ETF Stock Performance

The firm has a 50 day moving average price of $26.87 and a 200-day moving average price of $22.98. The company has a market cap of $78.47 million, a P/E ratio of 17.73 and a beta of 1.21.

Institutional Trading of Amplify Seymour Cannabis ETF

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