AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Short Interest Up 34.7% in January

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 28,376 shares, an increase of 34.7% from the January 15th total of 21,071 shares. Based on an average trading volume of 50,673 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 50,673 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On AdvisorShares Pure Cannabis ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC acquired a new stake in AdvisorShares Pure Cannabis ETF during the fourth quarter worth about $26,000. LPL Financial LLC lifted its holdings 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 worth $340,000 after acquiring an additional 10,582 shares during the period. Advisory Alpha LLC bought a new stake in shares of AdvisorShares Pure Cannabis ETF during the 4th quarter worth approximately $57,000. Jane Street Group LLC boosted its position in shares of AdvisorShares Pure Cannabis ETF by 23.8% during the 2nd quarter. Jane Street Group LLC now owns 141,248 shares of the company’s stock worth $268,000 after acquiring an additional 27,153 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in 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 acquiring an additional 47,100 shares during the last quarter.

AdvisorShares Pure Cannabis ETF Stock Performance

NYSEARCA:YOLO traded up $0.04 during mid-day trading on Friday, hitting $2.88. 525,023 shares of the stock were exchanged, compared to its average volume of 69,604. The stock has a market capitalization of $36.17 million, a price-to-earnings ratio of 21.88 and a beta of 1.38. The firm’s 50-day simple moving average is $3.22 and its 200 day simple moving average is $3.17. AdvisorShares Pure Cannabis ETF has a fifty-two week low of $1.45 and a fifty-two week high of $4.53.

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.