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

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) was the target of a large increase in short interest in 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. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 36,521 shares, the short-interest ratio is currently 2.0 days.

Hedge Funds Weigh In On AdvisorShares Pure Cannabis ETF

Institutional investors have recently made changes to their positions in the business. Heritage Oak Wealth Advisors LLC boosted its stake in shares of AdvisorShares Pure Cannabis ETF by 5.2% during the 1st quarter. Heritage Oak Wealth Advisors LLC now owns 626,886 shares of the company’s stock valued at $1,649,000 after buying an additional 31,218 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in AdvisorShares Pure Cannabis ETF by 21.3% in the fourth quarter. Wealthfront Advisers LLC now owns 504,711 shares of the company’s stock valued at $1,666,000 after acquiring an additional 88,760 shares in the last quarter. Jane Street Group LLC raised its holdings in 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 acquiring an additional 239,914 shares in the last quarter. LPL Financial LLC boosted its stake in AdvisorShares Pure Cannabis ETF by 11.4% during the 4th quarter. LPL Financial LLC now owns 103,057 shares of the company’s stock valued at $340,000 after acquiring an additional 10,582 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in AdvisorShares Pure Cannabis ETF by 1,252.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 50,860 shares of the company’s stock valued at $168,000 after acquiring an additional 47,100 shares during the last quarter.

AdvisorShares Pure Cannabis ETF Stock Performance

AdvisorShares Pure Cannabis ETF stock traded down $0.10 during trading on Thursday, reaching $3.03. The company had a trading volume of 17,247 shares, compared to its average volume of 46,169. AdvisorShares Pure Cannabis ETF has a 12-month low of $2.39 and a 12-month high of $4.53. The stock’s 50 day moving average price is $2.74 and its two-hundred day moving average price is $2.86. The firm has a market capitalization of $35.51 million, a price-to-earnings ratio of 21.88 and a beta of 1.27.

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.