AdvisorShares Psychedelics ETF (NYSEARCA:PSIL – Get Free Report)’s share price dropped 1% during trading on Thursday . The company traded as low as $18.25 and last traded at $18.25. Approximately 17,147 shares traded hands during mid-day trading, an increase of 29% from the average daily volume of 13,336 shares. The stock had previously closed at $18.43.
AdvisorShares Psychedelics ETF Trading Up 2.0%
The stock has a fifty day moving average price of $18.97 and a 200-day moving average price of $17.31.
Hedge Funds Weigh In On AdvisorShares Psychedelics ETF
A hedge fund recently bought a new stake in AdvisorShares Psychedelics ETF stock. CIBC Bancorp USA Inc. purchased a new stake in AdvisorShares Psychedelics ETF (NYSEARCA:PSIL – Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 25,019 shares of the company’s stock, valued at approximately $475,000. CIBC Bancorp USA Inc. owned approximately 2.50% of AdvisorShares Psychedelics ETF at the end of the most recent quarter.
About AdvisorShares Psychedelics ETF
The AdvisorShares Psychedelics ETF (PSIL) is an exchange-traded fund that mostly invests in health care equity. The fund is actively managed to provide exposure to the emerging global psychedelics industry. PSIL was launched on Sep 15, 2021 and is managed by AdvisorShares.
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