AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Sees Large Growth in Short Interest

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 74,664 shares, a growth of 232.8% from the July 30th total of 22,435 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 36,521 shares, the days-to-cover ratio is currently 2.0 days.

AdvisorShares Pure Cannabis ETF Trading Up 3.0%

Shares of AdvisorShares Pure Cannabis ETF stock traded up $0.09 on Friday, reaching $3.10. 37,772 shares of the company were exchanged, compared to its average volume of 46,253. AdvisorShares Pure Cannabis ETF has a fifty-two week low of $2.39 and a fifty-two week high of $4.53. The firm has a market capitalization of $36.33 million, a price-to-earnings ratio of 21.88 and a beta of 1.27. The stock has a fifty day moving average price of $2.74 and a 200-day moving average price of $2.86.

Institutional Trading of AdvisorShares Pure Cannabis ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC lifted 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 in the last quarter. CWM LLC purchased a new position in shares of AdvisorShares Pure Cannabis ETF in the fourth quarter worth approximately $26,000. Geneos Wealth Management Inc. raised its holdings in shares of 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. Wealthfront Advisers LLC raised its holdings in shares of AdvisorShares Pure Cannabis ETF by 21.3% during the fourth quarter. Wealthfront Advisers LLC now owns 504,711 shares of the company’s stock valued at $1,666,000 after acquiring an additional 88,760 shares during the period. Finally, Advisory Alpha LLC purchased a new stake in shares of AdvisorShares Pure Cannabis ETF in the 4th quarter valued at approximately $57,000.

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.