AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Trading 0.4% Higher – What’s Next?

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) shares rose 0.4% on Thursday . The company traded as high as $2.94 and last traded at $2.83. Approximately 26,505 shares were traded during trading, a decline of 49% from the average daily volume of 52,047 shares. The stock had previously closed at $2.82.

AdvisorShares Pure Cannabis ETF Stock Performance

The firm has a fifty day moving average price of $3.00 and a two-hundred day moving average price of $3.03. The stock has a market capitalization of $33.17 million, a P/E ratio of 21.88 and a beta of 1.25.

Institutional Trading of AdvisorShares Pure Cannabis ETF

Hedge funds have recently bought and sold shares of the company. Heritage Oak Wealth Advisors LLC boosted 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 worth $1,649,000 after purchasing an additional 31,218 shares during the last quarter. Sankala Group LLC purchased a new stake in shares of AdvisorShares Pure Cannabis ETF during the 4th quarter valued at about $40,000. Jane Street Group LLC increased its position in shares of AdvisorShares Pure Cannabis ETF by 543.0% during the 4th quarter. Jane Street Group LLC now owns 284,100 shares of the company’s stock valued at $938,000 after purchasing an additional 239,914 shares during the last quarter. LPL Financial LLC increased its position in shares of 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 purchasing an additional 10,582 shares during the last quarter. Finally, Advisory Alpha LLC bought a new position in shares of AdvisorShares Pure Cannabis ETF in the 4th quarter worth approximately $57,000.

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.