AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO – Get Free Report) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 67,432 shares, a drop of 61.1% from the September 15th total of 173,490 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 41,555 shares, the days-to-cover ratio is presently 1.6 days.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of YOLO. Kingsbury Capital Investment Advisors LLC bought a new stake in AdvisorShares Pure Cannabis ETF during the 2nd quarter worth $30,000. Heritage Oak Wealth Advisors LLC raised its position in AdvisorShares Pure Cannabis ETF by 5.2% in the first quarter. Heritage Oak Wealth Advisors LLC now owns 626,886 shares of the company’s stock valued at $1,649,000 after purchasing an additional 31,218 shares during the last quarter. Finally, Sankala Group LLC bought a new position in AdvisorShares Pure Cannabis ETF in the fourth quarter valued at about $40,000.
AdvisorShares Pure Cannabis ETF Stock Performance
Shares of AdvisorShares Pure Cannabis ETF stock traded down $0.07 during midday trading on Tuesday, hitting $2.63. 29,087 shares of the company traded hands, compared to its average volume of 43,894. The stock has a market cap of $30.27 million, a price-to-earnings ratio of 21.88 and a beta of 1.32. The firm’s fifty day moving average price is $2.96 and its 200-day moving average price is $2.89. AdvisorShares Pure Cannabis ETF has a 12 month low of $2.39 and a 12 month high of $4.53.
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.
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