AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Shares Up 4% – Here’s Why

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO)’s stock price traded up 4% during mid-day trading on Wednesday . The stock traded as high as $2.44 and last traded at $2.36. 112,226 shares traded hands during mid-day trading, an increase of 87% from the average session volume of 59,905 shares. The stock had previously closed at $2.27.

AdvisorShares Pure Cannabis ETF Stock Performance

The business has a 50 day moving average of $2.41 and a 200 day moving average of $2.92.

Institutional Investors Weigh In On AdvisorShares Pure Cannabis ETF

Several hedge funds have recently modified their holdings of YOLO. International Assets Investment Management LLC boosted its holdings in shares of AdvisorShares Pure Cannabis ETF by 394.3% during the third quarter. International Assets Investment Management LLC now owns 60,480 shares of the company’s stock worth $197,000 after purchasing an additional 48,244 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in AdvisorShares Pure Cannabis ETF during the third quarter worth about $118,000. Jane Street Group LLC boosted its stake in AdvisorShares Pure Cannabis ETF by 134.8% in the 3rd quarter. Jane Street Group LLC now owns 214,930 shares of the company’s stock worth $701,000 after buying an additional 123,386 shares during the last quarter. A. D. Beadell Investment Counsel Inc. purchased a new stake in AdvisorShares Pure Cannabis ETF in the 4th quarter valued at about $103,000. Finally, Heritage Oak Wealth Advisors LLC acquired a new position in shares of AdvisorShares Pure Cannabis ETF during the 4th quarter valued at about $1,469,000.

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.