AdvisorShares Psychedelics ETF (NYSEARCA:PSIL) Stock Price Cross Below 200-Day Moving Average – Here’s What Happened

AdvisorShares Psychedelics ETF (NYSEARCA:PSIL) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $20.72 and traded as low as $18.86. AdvisorShares Psychedelics ETF shares last traded at $19.08, with a volume of 48,306 shares traded.

AdvisorShares Psychedelics ETF Stock Performance

The company’s 50-day moving average is $22.95 and its two-hundred day moving average is $20.72.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AdvisorShares Psychedelics ETF stock. Farther Finance Advisors LLC raised its position in shares of AdvisorShares Psychedelics ETF (NYSEARCA:PSIL) by 7,613.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,317 shares of the company’s stock after purchasing an additional 57,561 shares during the period. Farther Finance Advisors LLC owned approximately 2.57% of AdvisorShares Psychedelics ETF worth $1,312,000 at the end of the most recent reporting period.

AdvisorShares Psychedelics ETF Company Profile

The AdvisorShares Psychedelics ETF (PSIL) is an exchange-traded fund that mostly invests in health care equity. The fund is actively managed to provide exposure to the emerging global psychedelics industry. PSIL was launched on Sep 15, 2021 and is managed by AdvisorShares.