AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Trading Up 0.4% – Here’s What Happened

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) shares rose 0.4% during trading on Thursday . The stock traded as high as $2.94 and last traded at $2.83. Approximately 26,505 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 52,047 shares. The stock had previously closed at $2.82.

AdvisorShares Pure Cannabis ETF Stock Performance

The stock has a 50-day moving average of $3.01 and a 200 day moving average of $3.03. The firm has a market capitalization of $33.17 million, a P/E ratio of 21.88 and a beta of 1.25.

Institutional Trading of AdvisorShares Pure Cannabis ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Elevation Point Wealth Partners LLC bought a new stake in AdvisorShares Pure Cannabis ETF during the 3rd quarter worth about $818,000. Jane Street Group LLC lifted its position in shares of AdvisorShares Pure Cannabis ETF by 543.0% during the fourth quarter. Jane Street Group LLC now owns 284,100 shares of the company’s stock worth $938,000 after purchasing an additional 239,914 shares in the last quarter. LPL Financial LLC grew its stake in shares of AdvisorShares Pure Cannabis ETF by 11.4% during the fourth 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 last quarter. Heritage Oak Wealth Advisors LLC boosted its holdings in AdvisorShares Pure Cannabis ETF by 5.2% in the first quarter. Heritage Oak Wealth Advisors LLC now owns 626,886 shares of the company’s stock valued at $1,649,000 after acquiring an additional 31,218 shares during the last quarter. Finally, Sankala Group LLC acquired a new stake in shares of AdvisorShares Pure Cannabis ETF during the 4th quarter worth approximately $40,000.

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.