AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Sees Significant Increase in Short Interest

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. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 50,673 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 50,673 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are sold short.

AdvisorShares Pure Cannabis ETF Stock Up 1.4%

Shares of YOLO traded up $0.04 on Monday, reaching $2.88. The stock had a trading volume of 525,023 shares, compared to its average volume of 69,604. The firm has a 50-day moving average of $3.22 and a 200 day moving average of $3.17. The firm has a market capitalization of $36.17 million, a PE ratio of 21.88 and a beta of 1.38. AdvisorShares Pure Cannabis ETF has a twelve month low of $1.45 and a twelve month high of $4.53.

Institutional Investors Weigh In On AdvisorShares Pure Cannabis ETF

Several hedge funds have recently made changes to their positions in YOLO. CWM LLC acquired a new stake in shares of AdvisorShares Pure Cannabis ETF in the fourth quarter worth $26,000. LPL Financial LLC increased its holdings in AdvisorShares Pure Cannabis ETF by 11.4% in the 4th 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 in the last quarter. Advisory Alpha LLC purchased a new position in AdvisorShares Pure Cannabis ETF in the fourth quarter valued at about $57,000. Jane Street Group LLC raised its position in AdvisorShares Pure Cannabis ETF by 23.8% in the second quarter. Jane Street Group LLC now owns 141,248 shares of the company’s stock valued at $268,000 after purchasing an additional 27,153 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake 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 worth $168,000 after purchasing an additional 47,100 shares in the last quarter.

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.