Short Interest in AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Expands By 232.8%

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 74,664 shares, a growth of 232.8% from the July 30th total of 22,435 shares. Based on an average trading volume of 36,521 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.6% of the shares of the company are sold short.

Hedge Funds Weigh In On AdvisorShares Pure Cannabis ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC acquired a new position in AdvisorShares Pure Cannabis ETF during the fourth quarter worth approximately $26,000. Kingsbury Capital Investment Advisors LLC bought a new position in shares of AdvisorShares Pure Cannabis ETF during the 2nd quarter worth approximately $30,000. LPL Financial LLC increased its holdings in shares of AdvisorShares Pure Cannabis ETF by 11.4% during the 4th quarter. LPL Financial LLC now owns 103,057 shares of the company’s stock worth $340,000 after acquiring an additional 10,582 shares during the last quarter. Sankala Group LLC acquired a new position in shares of AdvisorShares Pure Cannabis ETF during the 4th quarter worth approximately $40,000. Finally, Advisory Alpha LLC bought a new stake in AdvisorShares Pure Cannabis ETF in the 4th quarter valued at $57,000.

AdvisorShares Pure Cannabis ETF Price Performance

Shares of YOLO opened at $3.11 on Friday. The firm has a 50-day moving average of $2.75 and a 200-day moving average of $2.86. AdvisorShares Pure Cannabis ETF has a one year low of $2.39 and a one year high of $4.53. The company has a market cap of $36.45 million, a PE ratio of 21.88 and a beta of 1.27.

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.