Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Shares Down 8.4% – Here’s Why

Shares of Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) traded down 8.4% during trading on Thursday . The company traded as low as $23.99 and last traded at $24.01. 12,696 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 29,740 shares. The stock had previously closed at $26.22.

Amplify Seymour Cannabis ETF Trading Up 6.5%

The company has a market cap of $95.59 million, a price-to-earnings ratio of 17.73 and a beta of 1.21. The company has a fifty day moving average price of $28.86 and a two-hundred day moving average price of $22.54.

Institutional Investors Weigh In On Amplify Seymour Cannabis ETF

An institutional investor recently raised its position in Amplify Seymour Cannabis ETF stock. Magnus Financial Group LLC lifted its holdings in shares of Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) by 31.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 13,227 shares of the company’s stock after acquiring an additional 3,150 shares during the period. Magnus Financial Group LLC owned approximately 0.35% of Amplify Seymour Cannabis ETF worth $391,000 as of its most recent filing with the SEC.

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.