AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO – Get Free Report)’s stock price dropped 4.2% during trading on Friday . The stock traded as low as $2.65 and last traded at $2.76. Approximately 17,246 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 47,365 shares. The stock had previously closed at $2.88.
AdvisorShares Pure Cannabis ETF Trading Down 4.2%
The firm’s 50-day moving average price is $2.74 and its two-hundred day moving average price is $2.86. The stock has a market cap of $32.35 million, a PE ratio of 21.88 and a beta of 1.27.
Institutional Trading of AdvisorShares Pure Cannabis ETF
A number of hedge funds have recently bought and sold shares of YOLO. CWM LLC bought a new stake in AdvisorShares Pure Cannabis ETF during the 4th quarter valued at $26,000. Sankala Group LLC bought a new position in shares of AdvisorShares Pure Cannabis ETF in the 4th quarter worth $40,000. Advisory Alpha LLC bought a new position in shares of AdvisorShares Pure Cannabis ETF in the 4th quarter worth $57,000. Geneos Wealth Management Inc. raised its position in shares of 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 acquiring an additional 47,100 shares in the last quarter. Finally, LPL Financial LLC lifted its stake 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 purchasing an additional 10,582 shares during 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.
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