Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Stock Price Up 2% – Here’s What Happened

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS)’s share price was up 2% during mid-day trading on Tuesday . The stock traded as high as $25.36 and last traded at $25.36. Approximately 17,641 shares changed hands during mid-day 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 market cap of $91.04 million, a P/E ratio of 17.73 and a beta of 1.21. The firm’s 50 day moving average is $27.31 and its 200 day moving average is $26.92.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Amplify Seymour Cannabis ETF stock. Tidal Investments LLC raised its stake in Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,146,879 shares of the company’s stock after acquiring an additional 130,781 shares during the period. Tidal Investments LLC owned approximately 84.14% of Amplify Seymour Cannabis ETF worth $93,053,000 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.