AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Trading 0.4% Higher – Time to Buy?

Shares of AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) traded up 0.4% during mid-day trading on Thursday . The stock traded as high as $2.75 and last traded at $2.72. Approximately 8,878 shares traded hands during trading, a decline of 83% from the average session volume of 51,175 shares. The stock had previously closed at $2.71.

AdvisorShares Pure Cannabis ETF Price Performance

The firm has a 50-day moving average price of $2.93 and a 200 day moving average price of $2.98. The company has a market cap of $31.88 million, a price-to-earnings ratio of 21.88 and a beta of 1.25.

Institutional Trading of AdvisorShares Pure Cannabis ETF

Institutional investors have recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC bought a new position in AdvisorShares Pure Cannabis ETF during the 3rd quarter worth $818,000. CWM LLC bought a new stake in shares of AdvisorShares Pure Cannabis ETF in the fourth quarter valued at about $26,000. Advisory Alpha LLC bought a new stake in shares of AdvisorShares Pure Cannabis ETF in the fourth quarter valued at about $57,000. Jane Street Group LLC grew its stake in shares of AdvisorShares Pure Cannabis ETF by 543.0% in the fourth quarter. Jane Street Group LLC now owns 284,100 shares of the company’s stock valued at $938,000 after acquiring an additional 239,914 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its stake in shares of AdvisorShares Pure Cannabis ETF by 21.3% in 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.

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.