Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Trading Down 6% – Time to Sell?

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS)’s share price dropped 6% on Monday . The stock traded as low as $27.29 and last traded at $27.29. 14,441 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 18,072 shares. The stock had previously closed at $29.03.

Amplify Seymour Cannabis ETF Stock Down 1.3%

The company has a market cap of $85.64 million, a PE ratio of 17.73 and a beta of 1.13. The stock has a 50-day moving average of $28.04 and a 200-day moving average of $26.49.

Institutional Trading of Amplify Seymour Cannabis ETF

A number of large investors have recently modified their holdings of the business. Tidal Investments LLC increased its position in shares of 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 during the last quarter. Jane Street Group LLC lifted its position in Amplify Seymour Cannabis ETF by 46.7% during the fourth quarter. Jane Street Group LLC now owns 69,304 shares of the company’s stock valued at $1,966,000 after purchasing an additional 22,070 shares during the last quarter. LPL Financial LLC grew its stake in Amplify Seymour Cannabis ETF by 15.9% in the 4th quarter. LPL Financial LLC now owns 25,499 shares of the company’s stock worth $723,000 after buying an additional 3,489 shares in the last quarter. Finally, Simplex Trading LLC grew its stake in 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 in the last quarter.

Amplify Seymour Cannabis ETF Company Profile

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.