Cambria Cannabis ETF (BATS:TOKE) Shares Up 25.1% – Here’s Why

Cambria Cannabis ETF (BATS:TOKE) rose 25.1% on Thursday . The stock traded as high as $4.98 and last traded at $6.11. Approximately 8,483 shares changed hands during trading, a decline of 60% from the average daily volume of 21,078 shares. The stock had previously closed at $4.8842.

Cambria Cannabis ETF Stock Performance

The company has a fifty day moving average price of $5.84 and a 200-day moving average price of $5.76. The firm has a market capitalization of $15.63 million, a PE ratio of 15.43 and a beta of 1.02.

Cambria Cannabis ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 18th were given a dividend of $0.0235 per share. This is a boost from Cambria Cannabis ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, December 18th. This represents a $0.09 annualized dividend and a dividend yield of 1.5%.

Institutional Trading of Cambria Cannabis ETF

Large investors have recently made changes to their positions in the company. Bank of America Corp DE purchased a new stake in Cambria Cannabis ETF during the 3rd quarter valued at about $35,000. Griffin Asset Management Inc. acquired a new stake in shares of Cambria Cannabis ETF during the third quarter valued at about $271,000. Finally, Jane Street Group LLC lifted its stake in Cambria Cannabis ETF by 40.6% during the second quarter. Jane Street Group LLC now owns 164,603 shares of the company’s stock worth $737,000 after purchasing an additional 47,557 shares in the last quarter.

Cambria Cannabis ETF Company Profile

The Cambria Cannabis ETF (TOKE) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund is an actively-managed portfolio of globally-listed companies related to cannabis and hemp. TOKE was launched on Jul 25, 2019 and is managed by Cambria.