Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Stock Price Down 6% – Here’s Why

Shares of Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) dropped 6% during trading on Monday . The stock traded as low as $27.29 and last traded at $27.29. Approximately 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 Trading Down 6.0%

The firm’s 50-day moving average price is $27.97 and its 200 day moving average price is $26.46. The company has a market capitalization of $89.78 million, a price-to-earnings ratio of 17.73 and a beta of 1.13.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CNBS. Tidal Investments LLC raised its position in Amplify Seymour Cannabis ETF by 4.3% during the third quarter. Tidal Investments LLC now owns 3,146,879 shares of the company’s stock valued at $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 purchasing an additional 3,489 shares in the last quarter. Simplex Trading LLC raised its holdings 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 worth $25,000 after buying an additional 777 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Amplify Seymour Cannabis ETF by 46.7% during 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.

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.