AdvisorShares Psychedelics ETF (NYSEARCA:PSIL) Trading Up 4.8% – Here’s What Happened

AdvisorShares Psychedelics ETF (NYSEARCA:PSIL) shares traded up 4.8% during mid-day trading on Thursday . The stock traded as high as $20.19 and last traded at $20.19. 23,238 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 27,238 shares. The stock had previously closed at $19.27.

AdvisorShares Psychedelics ETF Stock Performance

The business has a 50 day moving average of $17.65 and a 200-day moving average of $17.95.

Institutional Investors Weigh In On AdvisorShares Psychedelics ETF

A hedge fund recently raised its stake in AdvisorShares Psychedelics ETF stock. CIBC Private Wealth Group LLC boosted its stake in AdvisorShares Psychedelics ETF (NYSEARCA:PSIL) by 18.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,566 shares of the company’s stock after acquiring an additional 4,547 shares during the quarter. CIBC Private Wealth Group LLC owned 2.51% of AdvisorShares Psychedelics ETF worth $508,000 as of its most recent SEC filing.

AdvisorShares Psychedelics ETF Company Profile

The AdvisorShares Psychedelics ETF (PSIL) is an exchange-traded fund that mostly invests in health care equity. The fund is actively managed to provide exposure to the emerging global psychedelics industry. PSIL was launched on Sep 15, 2021 and is managed by AdvisorShares.