AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Short Interest Update

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 173,490 shares, an increase of 59.5% from the August 31st total of 108,803 shares. Based on an average trading volume of 31,433 shares, the short-interest ratio is currently 5.5 days. Currently, 1.5% of the shares of the company are short sold.

AdvisorShares Pure Cannabis ETF Stock Up 3.1%

Shares of YOLO traded up $0.09 during trading hours on Thursday, hitting $3.00. The company had a trading volume of 10,132 shares, compared to its average volume of 44,883. The firm has a market cap of $34.53 million, a price-to-earnings ratio of 21.88 and a beta of 1.31. The business has a fifty day moving average of $2.91 and a 200-day moving average of $2.89. AdvisorShares Pure Cannabis ETF has a 12 month low of $2.39 and a 12 month high of $4.53.

Hedge Funds Weigh In On AdvisorShares Pure Cannabis ETF

Institutional investors have recently modified their holdings of the business. Heritage Oak Wealth Advisors LLC grew its position in AdvisorShares Pure Cannabis ETF by 5.2% in the first quarter. Heritage Oak Wealth Advisors LLC now owns 626,886 shares of the company’s stock valued at $1,649,000 after acquiring an additional 31,218 shares during the last quarter. Sankala Group LLC bought a new position in shares of AdvisorShares Pure Cannabis ETF in the fourth quarter worth about $40,000. Finally, Kingsbury Capital Investment Advisors LLC bought a new position in shares of AdvisorShares Pure Cannabis ETF in the second quarter worth about $30,000.

About AdvisorShares Pure Cannabis ETF

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.