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

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) shot up 1.4% during mid-day trading on Monday. The stock traded as high as $23.41 and last traded at $23.25. 1,760 shares changed hands 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 firm has a market capitalization of $63.70 million, a P/E ratio of 17.73 and a beta of 1.18. The firm has a fifty day simple moving average of $27.10 and a two-hundred day simple moving average of $26.38.

Hedge Funds Weigh In On Amplify Seymour Cannabis ETF

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

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.