AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Short Interest Down 19.4% in March

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 24,346 shares, a decrease of 19.4% from the March 15th total of 30,201 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 35,022 shares, the days-to-cover ratio is currently 0.7 days.

AdvisorShares Pure Cannabis ETF Price Performance

YOLO stock remained flat at $2.86 during midday trading on Thursday. 5,555 shares of the company’s stock were exchanged, compared to its average volume of 52,629. AdvisorShares Pure Cannabis ETF has a 12 month low of $1.64 and a 12 month high of $4.53. The stock has a market capitalization of $33.52 million, a P/E ratio of 21.88 and a beta of 1.13. The company’s 50-day moving average price is $2.83 and its 200 day moving average price is $3.09.

Institutional Trading of AdvisorShares Pure Cannabis ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sankala Group LLC acquired a new stake in shares of AdvisorShares Pure Cannabis ETF during the 4th quarter valued at about $40,000. Jane Street Group LLC raised its stake in shares of AdvisorShares Pure Cannabis ETF by 543.0% in the fourth quarter. Jane Street Group LLC now owns 284,100 shares of the company’s stock worth $938,000 after acquiring an additional 239,914 shares during the last quarter. LPL Financial LLC raised its stake in shares of AdvisorShares Pure Cannabis ETF by 11.4% in the fourth 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. Advisory Alpha LLC acquired a new stake in AdvisorShares Pure Cannabis ETF in the fourth quarter worth about $57,000. Finally, Wealthfront Advisers LLC raised its stake in shares of AdvisorShares Pure Cannabis ETF by 21.3% during the fourth quarter. Wealthfront Advisers LLC now owns 504,711 shares of the company’s stock worth $1,666,000 after buying an additional 88,760 shares during 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.