Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Trading Down 9% – Time to Sell?

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) fell 9% during mid-day trading on Monday . The stock traded as low as $27.50 and last traded at $27.54. 85,403 shares were traded during trading, an increase of 164% from the average session volume of 32,357 shares. The stock had previously closed at $30.26.

Amplify Seymour Cannabis ETF Stock Performance

The firm has a market capitalization of $103.00 million, a PE ratio of 17.73 and a beta of 1.21. The stock’s 50 day simple moving average is $25.97 and its two-hundred day simple moving average is $24.24.

Institutional Trading of Amplify Seymour Cannabis ETF

An institutional investor recently raised its position in Amplify Seymour Cannabis ETF stock. Tidal Investments LLC grew its stake in Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) by 4.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,146,879 shares of the company’s stock after acquiring an additional 130,781 shares during the quarter. Tidal Investments LLC owned about 84.14% of Amplify Seymour Cannabis ETF worth $93,053,000 as of its most recent SEC filing.

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.