Short Interest in AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Declines By 19.9%

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 22,724 shares, a decline of 19.9% from the January 29th total of 28,376 shares. Based on an average trading volume of 105,733 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 105,733 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On AdvisorShares Pure Cannabis ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC purchased a new stake in shares of AdvisorShares Pure Cannabis ETF during the 4th quarter valued at $26,000. Sankala Group LLC acquired a new position in AdvisorShares Pure Cannabis ETF during the 4th quarter valued at about $40,000. Advisory Alpha LLC purchased a new stake in AdvisorShares Pure Cannabis ETF in the fourth quarter valued at about $57,000. Geneos Wealth Management Inc. boosted its holdings in AdvisorShares Pure Cannabis ETF by 1,252.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 50,860 shares of the company’s stock worth $168,000 after acquiring an additional 47,100 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its stake in shares of AdvisorShares Pure Cannabis ETF by 110.6% during the second quarter. Wealthfront Advisers LLC now owns 99,979 shares of the company’s stock worth $189,000 after acquiring an additional 52,498 shares during the last quarter.

AdvisorShares Pure Cannabis ETF Price Performance

Shares of YOLO stock traded up $0.03 during mid-day trading on Tuesday, hitting $2.89. The stock had a trading volume of 25,946 shares, compared to its average volume of 64,462. The firm’s 50-day moving average is $3.11 and its two-hundred day moving average is $3.20. The firm has a market capitalization of $36.30 million, a P/E ratio of 21.88 and a beta of 1.38. AdvisorShares Pure Cannabis ETF has a 12-month low of $1.45 and a 12-month high of $4.53.

About AdvisorShares Pure Cannabis ETF

The AdvisorShares Pure Cannabis ETF (YOLO) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund is an actively-managed ETF that seeks long-term capital appreciation by investing in both domestic and foreign cannabis equities, as well as total return swaps of similar securities. YOLO was launched on Apr 17, 2019 and is managed by AdvisorShares.