AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Stock Price Up 0.9%

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) were up 0.9% on Friday . The stock traded as high as $3.50 and last traded at $3.46. Approximately 20,145 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 63,070 shares. The stock had previously closed at $3.43.

AdvisorShares Pure Cannabis ETF Stock Performance

The business has a 50-day moving average of $3.55 and a two-hundred day moving average of $3.67.

AdvisorShares Pure Cannabis ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a dividend of $0.0178 per share. The ex-dividend date was Monday, June 24th. This is a positive change from AdvisorShares Pure Cannabis ETF’s previous dividend of $0.01.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AdvisorShares Pure Cannabis ETF stock. International Assets Investment Management LLC acquired a new stake in AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 32,280 shares of the company’s stock, valued at approximately $97,000. International Assets Investment Management LLC owned approximately 0.25% of AdvisorShares Pure Cannabis ETF as of its most recent filing with the SEC.

About AdvisorShares Pure Cannabis ETF

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.