Short Interest in AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Increases By 34.7%

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 28,376 shares, a growth of 34.7% from the January 15th total of 21,071 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 50,673 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 50,673 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Trading of AdvisorShares Pure Cannabis ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC boosted its position in shares of AdvisorShares Pure Cannabis ETF by 543.0% during the fourth quarter. Jane Street Group LLC now owns 284,100 shares of the company’s stock worth $938,000 after buying an additional 239,914 shares during the period. LPL Financial LLC raised its position 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 buying an additional 10,582 shares during the last quarter. Advisory Alpha LLC bought a new stake in AdvisorShares Pure Cannabis ETF in the 4th quarter valued at approximately $57,000. Wealthfront Advisers LLC boosted its position in AdvisorShares Pure Cannabis ETF by 21.3% during the 4th quarter. Wealthfront Advisers LLC now owns 504,711 shares of the company’s stock worth $1,666,000 after acquiring an additional 88,760 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of 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 worth $168,000 after acquiring an additional 47,100 shares in the last quarter.

AdvisorShares Pure Cannabis ETF Stock Up 1.4%

Shares of NYSEARCA:YOLO traded up $0.04 during midday trading on Friday, reaching $2.88. 525,023 shares of the company were exchanged, compared to its average volume of 69,604. AdvisorShares Pure Cannabis ETF has a fifty-two week low of $1.45 and a fifty-two week high of $4.53. The stock has a fifty day simple moving average of $3.22 and a two-hundred day simple moving average of $3.17. The firm has a market cap of $36.17 million, a PE ratio of 21.88 and a beta of 1.38.

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.