Cambria Cannabis ETF (BATS:TOKE) Shares Up 2.1% – Should You Buy?

Cambria Cannabis ETF (BATS:TOKE) was up 2.1% on Thursday . The stock traded as high as $4.90 and last traded at $4.94. Approximately 37,163 shares changed hands during trading, The stock had previously closed at $4.84.

Cambria Cannabis ETF Trading Up 1.3 %

The company has a market cap of $13.97 million, a PE ratio of 12.31 and a beta of 1.12. The company has a fifty day simple moving average of $5.02 and a two-hundred day simple moving average of $5.54.

Institutional Trading of Cambria Cannabis ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC raised its stake in shares of Cambria Cannabis ETF by 94.0% during the 4th quarter. OLD Mission Capital LLC now owns 73,570 shares of the company’s stock worth $378,000 after buying an additional 35,643 shares in the last quarter. Eschler Asset Management LLP purchased a new position in Cambria Cannabis ETF during the fourth quarter worth $205,000. Marathon Partners Equity Management LLC acquired a new stake in shares of Cambria Cannabis ETF during the fourth quarter worth $385,000. Finally, Jane Street Group LLC boosted its holdings in shares of Cambria Cannabis ETF by 756.7% during the fourth quarter. Jane Street Group LLC now owns 138,415 shares of the company’s stock worth $710,000 after purchasing an additional 122,258 shares during the last quarter.

Cambria Cannabis ETF Company Profile

The Cambria Cannabis ETF (TOKE) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund is an actively-managed portfolio of globally-listed companies related to cannabis and hemp. TOKE was launched on Jul 25, 2019 and is managed by Cambria.