AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 173,490 shares, a growth of 59.5% from the August 31st total of 108,803 shares. Based on an average trading volume of 31,433 shares, the short-interest ratio is presently 5.5 days. Approximately 1.5% of the shares of the company are short sold.
AdvisorShares Pure Cannabis ETF Stock Performance
NYSEARCA YOLO traded down $0.05 during trading on Friday, hitting $2.95. 4,467 shares of the company’s stock traded hands, compared to its average volume of 44,662. The stock has a market capitalization of $33.95 million, a price-to-earnings ratio of 21.88 and a beta of 1.31. AdvisorShares Pure Cannabis ETF has a 12-month low of $2.39 and a 12-month high of $4.53. The business has a 50 day moving average of $2.92 and a 200-day moving average of $2.89.
Institutional Trading of AdvisorShares Pure Cannabis ETF
A number of institutional investors have recently modified their holdings of YOLO. Kingsbury Capital Investment Advisors LLC purchased a new position in AdvisorShares Pure Cannabis ETF during the 2nd quarter valued at about $30,000. Sankala Group LLC bought a new position in shares of AdvisorShares Pure Cannabis ETF in the fourth quarter valued at approximately $40,000. Finally, Heritage Oak Wealth Advisors LLC grew its stake in AdvisorShares Pure Cannabis ETF by 5.2% during the first quarter. Heritage Oak Wealth Advisors LLC now owns 626,886 shares of the company’s stock valued at $1,649,000 after acquiring an additional 31,218 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.
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