AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Shares Up 3% – Here’s What Happened

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) shot up 3% during mid-day trading on Tuesday . The stock traded as high as $2.45 and last traded at $2.42. 139,234 shares changed hands during trading, an increase of 120% from the average session volume of 63,181 shares. The stock had previously closed at $2.35.

AdvisorShares Pure Cannabis ETF Price Performance

The business’s 50 day simple moving average is $2.70 and its 200 day simple moving average is $3.10.

Hedge Funds Weigh In On AdvisorShares Pure Cannabis ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its position in shares of AdvisorShares Pure Cannabis ETF by 134.8% in the third quarter. Jane Street Group LLC now owns 214,930 shares of the company’s stock valued at $701,000 after buying an additional 123,386 shares during the last quarter. Flow Traders U.S. LLC bought a new position in AdvisorShares Pure Cannabis ETF during the third quarter worth $118,000. Finally, International Assets Investment Management LLC increased its holdings in shares of AdvisorShares Pure Cannabis ETF by 394.3% in the third quarter. International Assets Investment Management LLC now owns 60,480 shares of the company’s stock valued at $197,000 after purchasing an additional 48,244 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.