AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO – Get Free Report)’s stock price 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 trading, a decline of 83% from the average daily volume of 51,175 shares. The stock had previously closed at $2.71.
AdvisorShares Pure Cannabis ETF Price Performance
The stock has a market cap of $31.88 million, a PE ratio of 21.88 and a beta of 1.25. The firm’s 50 day moving average price is $2.94 and its two-hundred day moving average price is $2.98.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. CWM LLC purchased a new stake in shares of AdvisorShares Pure Cannabis ETF during the fourth quarter worth $26,000. Sankala Group LLC purchased a new position in shares of AdvisorShares Pure Cannabis ETF in the fourth quarter valued at $40,000. Advisory Alpha LLC purchased a new position in shares of AdvisorShares Pure Cannabis ETF in the fourth quarter valued at $57,000. Geneos Wealth Management Inc. grew its position in shares of AdvisorShares Pure Cannabis ETF by 1,252.7% in 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, LPL Financial LLC raised its stake in shares of AdvisorShares Pure Cannabis ETF by 11.4% during the 4th quarter. LPL Financial LLC now owns 103,057 shares of the company’s stock valued at $340,000 after purchasing an additional 10,582 shares during the period.
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.
Read More
- Five stocks we like better than AdvisorShares Pure Cannabis ETF
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
Receive News & Ratings for AdvisorShares Pure Cannabis ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AdvisorShares Pure Cannabis ETF and related companies with MarketBeat.com's FREE daily email newsletter.
