Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Stock Short Interest Rises 466.3%

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 14,220 shares, a growth of 466.3% from the September 30th total of 2,511 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 5,227 shares, the short-interest ratio is currently 2.7 days.

Amplify Seymour Cannabis ETF Trading Up 0.6%

Shares of NYSEARCA:CNBS traded up $0.14 during mid-day trading on Thursday, hitting $23.62. 343 shares of the company traded hands, compared to its average volume of 12,412. Amplify Seymour Cannabis ETF has a 12-month low of $18.43 and a 12-month high of $43.94. The stock has a market cap of $64.72 million, a P/E ratio of 17.73 and a beta of 1.18. The stock has a 50-day moving average price of $26.90 and a two-hundred day moving average price of $26.31.

Institutional Investors Weigh In On Amplify Seymour Cannabis ETF

An institutional investor recently bought a new position in Amplify Seymour Cannabis ETF stock. Magnus Financial Group LLC bought a new position in shares of Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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 SEC filing.

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.