AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Stock Price Up 0.9%

Shares of AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) shot up 0.9% during mid-day trading on Friday . The stock traded as high as $3.50 and last traded at $3.46. 20,145 shares were traded during trading, a decline of 68% from the average session volume of 63,070 shares. The stock had previously closed at $3.43.

AdvisorShares Pure Cannabis ETF Trading Up 0.9 %

The stock has a 50-day moving average price of $3.55 and a 200 day moving average price of $3.67.

AdvisorShares Pure Cannabis ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a dividend of $0.0178 per share. This is a positive change from AdvisorShares Pure Cannabis ETF’s previous dividend of $0.01. The ex-dividend date of this dividend was Monday, June 24th.

Institutional Trading of AdvisorShares Pure Cannabis ETF

An institutional investor recently bought a new position in AdvisorShares Pure Cannabis ETF stock. Pallas Capital Advisors LLC bought a new stake in AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,500 shares of the company’s stock, valued at approximately $36,000. Pallas Capital Advisors LLC owned about 0.08% of AdvisorShares Pure Cannabis ETF at the end of the most recent 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.