AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Trading Up 0.8% – Still a Buy?

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO)’s stock price were up 0.8% during mid-day trading on Thursday . The stock traded as high as $2.71 and last traded at $2.67. Approximately 57,325 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 59,201 shares. The stock had previously closed at $2.65.

AdvisorShares Pure Cannabis ETF Price Performance

The company has a 50-day moving average price of $3.06 and a 200-day moving average price of $3.33.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Pallas Capital Advisors LLC acquired a new stake in AdvisorShares Pure Cannabis ETF in the 2nd quarter worth $36,000. Flow Traders U.S. LLC acquired a new stake in AdvisorShares Pure Cannabis ETF during the third quarter worth about $118,000. International Assets Investment Management LLC increased its stake in 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 valued at $197,000 after acquiring an additional 48,244 shares during the period. Finally, Jane Street Group LLC raised its holdings 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 valued at $701,000 after acquiring an additional 123,386 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.