AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Stock Price Down 1.5% – Time to Sell?

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO)’s share price dropped 1.5% during mid-day trading on Thursday . The stock traded as low as $3.15 and last traded at $3.19. Approximately 69,478 shares changed hands during trading, an increase of 21% from the average daily volume of 57,326 shares. The stock had previously closed at $3.24.

AdvisorShares Pure Cannabis ETF Trading Down 1.5%

The firm has a market capitalization of $37.39 million, a price-to-earnings ratio of 21.88 and a beta of 1.28. The company has a fifty day moving average price of $2.89 and a 200-day moving average price of $3.04.

Institutional Investors Weigh In On AdvisorShares Pure Cannabis ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Heritage Oak Wealth Advisors LLC lifted its holdings in AdvisorShares Pure Cannabis ETF by 5.2% in the 1st quarter. Heritage Oak Wealth Advisors LLC now owns 626,886 shares of the company’s stock worth $1,649,000 after purchasing an additional 31,218 shares during the last quarter. Sankala Group LLC acquired a new stake in AdvisorShares Pure Cannabis ETF in the 4th quarter worth approximately $40,000. Jane Street Group LLC lifted its holdings in AdvisorShares Pure Cannabis ETF by 543.0% in the 4th quarter. Jane Street Group LLC now owns 284,100 shares of the company’s stock worth $938,000 after purchasing an additional 239,914 shares during the last quarter. LPL Financial LLC lifted its holdings in AdvisorShares Pure Cannabis ETF by 11.4% in the 4th quarter. LPL Financial LLC now owns 103,057 shares of the company’s stock worth $340,000 after purchasing an additional 10,582 shares during the last quarter. Finally, Advisory Alpha LLC acquired a new stake in AdvisorShares Pure Cannabis ETF in the 4th quarter worth approximately $57,000.

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.