AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO – Get Free Report) shares shot up 0.4% on Thursday . The company traded as high as $2.75 and last traded at $2.72. Approximately 8,878 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 51,175 shares. The stock had previously closed at $2.71.
AdvisorShares Pure Cannabis ETF Stock Up 0.4%
The firm has a market capitalization of $31.88 million, a P/E ratio of 21.88 and a beta of 1.25. The firm’s 50-day simple moving average is $2.94 and its 200-day simple moving average is $2.98.
Institutional Trading of AdvisorShares Pure Cannabis ETF
A number of hedge funds have recently made changes to their positions in the stock. CWM LLC purchased a new position in AdvisorShares Pure Cannabis ETF in the fourth quarter worth $26,000. Sankala Group LLC bought a new position in AdvisorShares Pure Cannabis ETF in the fourth quarter valued at $40,000. Advisory Alpha LLC purchased a new stake in AdvisorShares Pure Cannabis ETF during the fourth quarter valued at about $57,000. Geneos Wealth Management Inc. raised its position in AdvisorShares Pure Cannabis ETF by 1,252.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 50,860 shares of the company’s stock valued at $168,000 after purchasing an additional 47,100 shares in the last quarter. Finally, Jane Street Group LLC raised its position in AdvisorShares Pure Cannabis ETF by 23.8% during the second quarter. Jane Street Group LLC now owns 141,248 shares of the company’s stock valued at $268,000 after purchasing an additional 27,153 shares in the last quarter.
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.
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