Short Interest in Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Drops By 34.7%

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 6,943 shares, a decline of 34.7% from the June 15th total of 10,632 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 4,575 shares, the short-interest ratio is presently 1.5 days.

Amplify Seymour Cannabis ETF Price Performance

CNBS opened at $25.75 on Friday. Amplify Seymour Cannabis ETF has a 1 year low of $16.23 and a 1 year high of $43.94. The firm has a market capitalization of $73.13 million, a PE ratio of 17.73 and a beta of 1.12. The business’s 50-day moving average is $28.08 and its two-hundred day moving average is $26.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its stake in Amplify Seymour Cannabis ETF by 46.7% in the fourth quarter. Jane Street Group LLC now owns 69,304 shares of the company’s stock valued at $1,966,000 after buying an additional 22,070 shares during the last quarter. Simplex Trading LLC lifted its stake in shares of Amplify Seymour Cannabis ETF by 844.6% during the fourth quarter. Simplex Trading LLC now owns 869 shares of the company’s stock worth $25,000 after buying an additional 777 shares during the period. LPL Financial LLC grew its holdings in shares of Amplify Seymour Cannabis ETF by 15.9% during the fourth quarter. LPL Financial LLC now owns 25,499 shares of the company’s stock valued at $723,000 after buying an additional 3,489 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of 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 buying an additional 130,781 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.