Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Short Interest Up 295.0% in May

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 17,684 shares, a growth of 295.0% from the April 30th total of 4,477 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 30,866 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Amplify Seymour Cannabis ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC grew 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 worth $1,966,000 after buying an additional 22,070 shares during the period. Simplex Trading LLC lifted its position in shares of Amplify Seymour Cannabis ETF by 844.6% during the 4th quarter. Simplex Trading LLC now owns 869 shares of the company’s stock valued at $25,000 after acquiring an additional 777 shares during the period. LPL Financial LLC lifted its position in shares of Amplify Seymour Cannabis ETF by 15.9% during the 4th quarter. LPL Financial LLC now owns 25,499 shares of the company’s stock valued at $723,000 after acquiring an additional 3,489 shares during the period. Finally, Tidal Investments LLC boosted its stake in shares of Amplify Seymour Cannabis ETF by 4.3% during the 3rd quarter. Tidal Investments LLC now owns 3,146,879 shares of the company’s stock worth $93,053,000 after acquiring an additional 130,781 shares in the last quarter.

Amplify Seymour Cannabis ETF Price Performance

Shares of CNBS stock opened at $28.91 on Friday. The business’s fifty day moving average price is $25.77 and its 200 day moving average price is $25.57. The firm has a market capitalization of $95.11 million, a PE ratio of 17.73 and a beta of 1.15. Amplify Seymour Cannabis ETF has a 1-year low of $13.96 and a 1-year high of $43.94.

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.