AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Short Interest Up 232.8% in August

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 74,664 shares, an increase of 232.8% from the July 30th total of 22,435 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 36,521 shares, the days-to-cover ratio is currently 2.0 days.

AdvisorShares Pure Cannabis ETF Stock Down 3.2%

NYSEARCA:YOLO traded down $0.10 during trading hours on Thursday, reaching $3.03. 17,247 shares of the stock were exchanged, compared to its average volume of 46,169. The stock has a market capitalization of $35.51 million, a P/E ratio of 21.88 and a beta of 1.27. The firm has a 50 day simple moving average of $2.74 and a 200-day simple moving average of $2.86. AdvisorShares Pure Cannabis ETF has a 52 week low of $2.39 and a 52 week high of $4.53.

Institutional Trading of AdvisorShares Pure Cannabis ETF

Several institutional investors have recently added to or reduced their stakes in YOLO. Jane Street Group LLC increased its stake in shares of AdvisorShares Pure Cannabis ETF by 543.0% in the fourth quarter. Jane Street Group LLC now owns 284,100 shares of the company’s stock valued at $938,000 after purchasing an additional 239,914 shares during the period. Wealthfront Advisers LLC boosted its position in shares of AdvisorShares Pure Cannabis ETF by 21.3% during the fourth quarter. Wealthfront Advisers LLC now owns 504,711 shares of the company’s stock worth $1,666,000 after buying an additional 88,760 shares during the period. Geneos Wealth Management Inc. grew its holdings in AdvisorShares Pure Cannabis ETF by 1,252.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 50,860 shares of the company’s stock worth $168,000 after buying an additional 47,100 shares in the last quarter. Heritage Oak Wealth Advisors LLC grew its holdings in AdvisorShares Pure Cannabis ETF by 5.2% in the 1st quarter. Heritage Oak Wealth Advisors LLC now owns 626,886 shares of the company’s stock worth $1,649,000 after buying an additional 31,218 shares in the last quarter. Finally, Advisory Alpha LLC acquired a new stake in AdvisorShares Pure Cannabis ETF in the 4th quarter valued at approximately $57,000.

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.