AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO – Get Free Report)’s stock price dropped 4.2% during mid-day trading on Friday . The stock traded as low as $2.65 and last traded at $2.76. Approximately 17,246 shares were traded during trading, a decline of 64% from the average session volume of 47,365 shares. The stock had previously closed at $2.88.
AdvisorShares Pure Cannabis ETF Trading Down 4.2%
The firm has a 50 day moving average of $2.74 and a 200-day moving average of $2.86. The company has a market cap of $32.35 million, a P/E ratio of 21.88 and a beta of 1.27.
Institutional Investors Weigh In On AdvisorShares Pure Cannabis ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC purchased a new position in shares of AdvisorShares Pure Cannabis ETF in the fourth quarter worth $26,000. Sankala Group LLC bought a new stake in AdvisorShares Pure Cannabis ETF in the 4th quarter valued at $40,000. Advisory Alpha LLC bought a new stake in AdvisorShares Pure Cannabis ETF in the 4th quarter valued at $57,000. Geneos Wealth Management Inc. lifted its stake in AdvisorShares Pure Cannabis ETF by 1,252.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 50,860 shares of the company’s stock worth $168,000 after purchasing an additional 47,100 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in AdvisorShares Pure Cannabis ETF by 23.8% in the 2nd quarter. Jane Street Group LLC now owns 141,248 shares of the company’s stock worth $268,000 after purchasing an additional 27,153 shares in the last quarter.
AdvisorShares Pure Cannabis ETF Company Profile
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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