Short Interest in AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Grows By 35.8%

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 30,201 shares, an increase of 35.8% from the February 26th total of 22,245 shares. Based on an average daily trading volume, of 35,301 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are short sold.

AdvisorShares Pure Cannabis ETF Stock Down 4.2%

Shares of AdvisorShares Pure Cannabis ETF stock traded down $0.11 during trading hours on Friday, reaching $2.54. 19,403 shares of the company’s stock were exchanged, compared to its average volume of 54,281. AdvisorShares Pure Cannabis ETF has a 1 year low of $1.45 and a 1 year high of $4.53. The company has a market capitalization of $31.90 million, a P/E ratio of 21.88 and a beta of 1.38. The business has a fifty day moving average of $2.92 and a two-hundred day moving average of $3.13.

Institutional Trading of AdvisorShares Pure Cannabis ETF

Several large investors have recently bought and sold shares of the business. CWM LLC acquired a new stake in AdvisorShares Pure Cannabis ETF in the 4th quarter valued at about $26,000. Sankala Group LLC acquired a new position in shares of AdvisorShares Pure Cannabis ETF during the 4th quarter worth approximately $40,000. Advisory Alpha LLC acquired a new position in shares of AdvisorShares Pure Cannabis ETF during the 4th quarter worth approximately $57,000. Geneos Wealth Management Inc. grew its position in shares of AdvisorShares Pure Cannabis ETF by 1,252.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 50,860 shares of the company’s stock valued at $168,000 after purchasing an additional 47,100 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of AdvisorShares Pure Cannabis ETF by 11.4% in the fourth quarter. LPL Financial LLC now owns 103,057 shares of the company’s stock valued at $340,000 after purchasing an additional 10,582 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.