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

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

Hedge Funds Weigh In On AdvisorShares Pure Cannabis ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in YOLO. Jane Street Group LLC grew its stake in shares of AdvisorShares Pure Cannabis ETF by 543.0% in the 4th 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 last quarter. LPL Financial LLC grew its stake in shares of AdvisorShares Pure Cannabis ETF by 11.4% in the fourth quarter. LPL Financial LLC now owns 103,057 shares of the company’s stock worth $340,000 after acquiring an additional 10,582 shares during the last quarter. Advisory Alpha LLC purchased a new stake in shares of AdvisorShares Pure Cannabis ETF in the fourth quarter worth $57,000. Wealthfront Advisers LLC increased its holdings in shares of AdvisorShares Pure Cannabis ETF by 21.3% during 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. Finally, 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 purchasing an additional 47,100 shares during the last quarter.

AdvisorShares Pure Cannabis ETF Price Performance

NYSEARCA YOLO opened at $2.88 on Tuesday. AdvisorShares Pure Cannabis ETF has a 1 year low of $1.45 and a 1 year high of $4.53. The stock has a market capitalization of $36.17 million, a PE ratio of 21.88 and a beta of 1.38. The business’s 50-day moving average is $3.22 and its 200 day moving average is $3.18.

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.