AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Short Interest Update

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 22,724 shares, a decrease of 19.9% from the January 29th total of 28,376 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 105,733 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 105,733 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

AdvisorShares Pure Cannabis ETF Price Performance

YOLO traded up $0.04 during midday trading on Wednesday, reaching $2.93. 2,135 shares of the company’s stock traded hands, compared to its average volume of 62,956. The firm has a fifty day moving average of $3.11 and a two-hundred day moving average of $3.20. The stock has a market capitalization of $36.80 million, a price-to-earnings ratio of 21.88 and a beta of 1.38. AdvisorShares Pure Cannabis ETF has a 52 week low of $1.45 and a 52 week high of $4.53.

Institutional Investors Weigh In On AdvisorShares Pure Cannabis ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC bought a new position in shares of AdvisorShares Pure Cannabis ETF in the 4th quarter worth about $26,000. Sankala Group LLC bought a new position in shares of AdvisorShares Pure Cannabis ETF during the fourth quarter valued at approximately $40,000. Advisory Alpha LLC bought a new position in shares of AdvisorShares Pure Cannabis ETF during the fourth quarter valued at approximately $57,000. Geneos Wealth Management Inc. lifted its holdings in shares of AdvisorShares Pure Cannabis ETF by 1,252.7% during 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 during the last quarter. Finally, Wealthfront Advisers LLC boosted its position in shares of AdvisorShares Pure Cannabis ETF by 110.6% in the 2nd quarter. Wealthfront Advisers LLC now owns 99,979 shares of the company’s stock worth $189,000 after purchasing an additional 52,498 shares in 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.