Short Interest in Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Declines By 60.8%

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,040 shares, a decrease of 60.8% from the August 15th total of 5,201 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 7,124 shares, the short-interest ratio is currently 0.3 days.

Amplify Seymour Cannabis ETF Price Performance

NYSEARCA CNBS traded down $0.36 during midday trading on Friday, hitting $27.79. 16,355 shares of the company traded hands, compared to its average volume of 13,855. Amplify Seymour Cannabis ETF has a 52 week low of $18.43 and a 52 week high of $43.94. The company’s 50-day simple moving average is $26.89 and its 200-day simple moving average is $26.43. The company has a market cap of $78.92 million, a PE ratio of 17.73 and a beta of 1.17.

Hedge Funds Weigh In On Amplify Seymour Cannabis ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its holdings in Amplify Seymour Cannabis ETF by 4.3% in the third 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 in the last quarter. LPL Financial LLC boosted its holdings in shares of Amplify Seymour Cannabis ETF by 15.9% in the 4th quarter. LPL Financial LLC now owns 25,499 shares of the company’s stock valued at $723,000 after buying an additional 3,489 shares in the last quarter. Simplex Trading LLC grew its position in shares of Amplify Seymour Cannabis ETF by 844.6% in the 4th quarter. Simplex Trading LLC now owns 869 shares of the company’s stock worth $25,000 after buying an additional 777 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of Amplify Seymour Cannabis ETF by 46.7% in the 4th quarter. Jane Street Group LLC now owns 69,304 shares of the company’s stock worth $1,966,000 after buying an additional 22,070 shares during the last 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.