AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Shares Up 5.2% – What’s Next?

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO)’s stock price shot up 5.2% during trading on Monday. The stock traded as high as $2.69 and last traded at $2.65. Approximately 48,408 shares changed hands during trading, an increase of 14% from the average session volume of 42,433 shares. The stock had previously closed at $2.52.

AdvisorShares Pure Cannabis ETF Price Performance

The stock has a market capitalization of $30.50 million, a PE ratio of 21.88 and a beta of 1.32. The business’s fifty day moving average price is $2.89 and its two-hundred day moving average price is $2.88.

Hedge Funds Weigh In On AdvisorShares Pure Cannabis ETF

An institutional investor recently bought a new stake in AdvisorShares Pure Cannabis ETF stock. Kingsbury Capital Investment Advisors LLC purchased a new stake in shares of AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,451 shares of the company’s stock, valued at approximately $30,000. Kingsbury Capital Investment Advisors LLC owned about 0.09% of AdvisorShares Pure Cannabis ETF as of its most recent filing with the SEC.

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.