AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Shares Up 5.2% – Time to Buy?

Shares of AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) shot up 5.2% during mid-day trading on Monday. The company traded as high as $2.69 and last traded at $2.65. Approximately 48,408 shares traded hands during trading, an increase of 14% from the average daily volume of 42,433 shares. The stock had previously closed at $2.52.

AdvisorShares Pure Cannabis ETF Price Performance

The firm has a market capitalization of $32.46 million, a P/E ratio of 21.88 and a beta of 1.41. The business has a 50 day moving average price of $2.88 and a 200 day moving average price of $2.88.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AdvisorShares Pure Cannabis ETF stock. Kingsbury Capital Investment Advisors LLC purchased a new position in shares of AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,451 shares of the company’s stock, valued at approximately $30,000. Kingsbury Capital Investment Advisors LLC owned about 0.09% of AdvisorShares Pure Cannabis ETF as of its most recent SEC filing.

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.