Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Sees Significant Decline in Short Interest
by Sarita Garza · The Markets DailyAmplify Seymour Cannabis ETF (NYSEARCA:CNBS – Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,040 shares, a drop of 60.8% from the August 15th total of 5,201 shares. Based on an average trading volume of 7,124 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.
Amplify Seymour Cannabis ETF Trading Down 0.2%
Shares of Amplify Seymour Cannabis ETF stock traded down $0.06 during trading on Tuesday, hitting $28.63. 2,672 shares of the stock were exchanged, compared to its average volume of 13,722. The company has a fifty day moving average price of $26.93 and a 200-day moving average price of $26.48. The stock has a market capitalization of $81.30 million, a price-to-earnings ratio of 17.73 and a beta of 1.17. Amplify Seymour Cannabis ETF has a 1-year low of $18.43 and a 1-year high of $43.94.
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.