AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Short Interest Down 46.6% in December

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 25,171 shares, a decline of 46.6% from the December 15th total of 47,146 shares. Based on an average trading volume of 346,519 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 346,519 shares, the short-interest ratio is currently 0.1 days.

AdvisorShares Pure Cannabis ETF Stock Down 0.9%

Shares of YOLO stock traded down $0.03 during mid-day trading on Friday, reaching $3.25. 46,815 shares of the stock traded hands, compared to its average volume of 51,965. The company has a market cap of $41.15 million, a price-to-earnings ratio of 21.88 and a beta of 1.38. The stock’s fifty day simple moving average is $3.17 and its two-hundred day simple moving average is $3.03. AdvisorShares Pure Cannabis ETF has a 1-year low of $1.45 and a 1-year high of $4.53.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Jane Street Group LLC boosted its stake in AdvisorShares Pure Cannabis ETF by 23.8% during the second quarter. Jane Street Group LLC now owns 141,248 shares of the company’s stock valued at $268,000 after buying an additional 27,153 shares during the period. Wealthfront Advisers LLC boosted its position in shares of AdvisorShares Pure Cannabis ETF by 110.6% during the 2nd quarter. Wealthfront Advisers LLC now owns 99,979 shares of the company’s stock valued at $189,000 after acquiring an additional 52,498 shares during the last quarter. Heritage Oak Wealth Advisors LLC grew its holdings in shares of AdvisorShares Pure Cannabis ETF by 22.0% during the second quarter. Heritage Oak Wealth Advisors LLC now owns 934,599 shares of the company’s stock worth $1,771,000 after purchasing an additional 168,409 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of AdvisorShares Pure Cannabis ETF in the third quarter worth approximately $818,000.

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. YOLO was launched on Apr 17, 2019 and is managed by AdvisorShares.