AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Short Interest Up 317.6% in September

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 30,900 shares, an increase of 317.6% from the September 15th total of 7,400 shares. Based on an average daily trading volume, of 114,100 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 114,100 shares, the days-to-cover ratio is currently 0.3 days.

AdvisorShares Pure Cannabis ETF Stock Performance

Shares of NYSEARCA:YOLO opened at $3.37 on Monday. The firm has a market capitalization of $43.03 million, a PE ratio of 21.88 and a beta of 1.70. AdvisorShares Pure Cannabis ETF has a 52-week low of $1.45 and a 52-week high of $3.94. The firm has a fifty day moving average of $3.36 and a 200 day moving average of $2.43.

Hedge Funds Weigh In On AdvisorShares Pure Cannabis ETF

Several institutional investors have recently modified their holdings of YOLO. Janney Montgomery Scott LLC raised its holdings in AdvisorShares Pure Cannabis ETF by 25.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 32,206 shares of the company’s stock valued at $57,000 after buying an additional 6,622 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of AdvisorShares Pure Cannabis ETF by 18.1% in the first quarter. Wealthfront Advisers LLC now owns 47,481 shares of the company’s stock valued at $84,000 after acquiring an additional 7,279 shares during the period. Jane Street Group LLC raised its stake in shares of 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 acquiring an additional 27,153 shares during the last quarter. OLD Mission Capital LLC boosted its holdings in shares of AdvisorShares Pure Cannabis ETF by 129.2% during the first quarter. OLD Mission Capital LLC now owns 246,245 shares of the company’s stock worth $436,000 after purchasing an additional 138,799 shares during the period. Finally, Heritage Oak Wealth Advisors LLC boosted its holdings in shares of AdvisorShares Pure Cannabis ETF by 26.2% during the first quarter. Heritage Oak Wealth Advisors LLC now owns 766,190 shares of the company’s stock worth $1,357,000 after purchasing an additional 158,965 shares during the period.

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.