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

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) shot up 0.4% during trading on Thursday . The company traded as high as $2.94 and last traded at $2.83. 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 Up 0.4%

The firm has a market cap of $33.17 million, a PE ratio of 21.88 and a beta of 1.25. The firm’s fifty day simple moving average is $3.00 and its two-hundred day simple moving average is $3.03.

Institutional Trading of AdvisorShares Pure Cannabis ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC lifted its stake 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 buying an additional 239,914 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in AdvisorShares Pure Cannabis ETF in the 3rd quarter worth $818,000. Wealthfront Advisers LLC increased its stake in AdvisorShares Pure Cannabis ETF by 21.3% in the 4th quarter. Wealthfront Advisers LLC now owns 504,711 shares of the company’s stock worth $1,666,000 after buying an additional 88,760 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in AdvisorShares Pure Cannabis ETF by 1,252.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 50,860 shares of the company’s stock valued at $168,000 after acquiring an additional 47,100 shares during the period. Finally, Heritage Oak Wealth Advisors LLC raised its holdings in AdvisorShares Pure Cannabis ETF by 5.2% during the first quarter. Heritage Oak Wealth Advisors LLC now owns 626,886 shares of the company’s stock valued at $1,649,000 after acquiring an additional 31,218 shares during the period.

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.