Cambria Cannabis ETF (BATS:TOKE) Trading Down 6.3% – Should You Sell?

Cambria Cannabis ETF (BATS:TOKE) shares traded down 6.3% during mid-day trading on Friday . The company traded as low as $4.83 and last traded at $4.54. 37,163 shares traded hands during trading, an increase of 59% from the average session volume of 23,301 shares. The stock had previously closed at $4.84.

Cambria Cannabis ETF Price Performance

The company has a market capitalization of $11.56 million, a P/E ratio of 11.33 and a beta of 1.09. The stock has a 50-day moving average price of $4.86 and a 200-day moving average price of $5.38.

Hedge Funds Weigh In On Cambria Cannabis ETF

A number of hedge funds have recently made changes to their positions in the stock. Marathon Partners Equity Management LLC bought a new position in shares of Cambria Cannabis ETF during the fourth quarter worth about $385,000. Eschler Asset Management LLP bought a new position in shares of Cambria Cannabis ETF during the fourth quarter worth about $205,000. Jane Street Group LLC increased its holdings in Cambria Cannabis ETF by 756.7% in the fourth quarter. Jane Street Group LLC now owns 138,415 shares of the company’s stock worth $710,000 after purchasing an additional 122,258 shares in the last quarter. Finally, OLD Mission Capital LLC increased its holdings in Cambria Cannabis ETF by 94.0% in the fourth quarter. OLD Mission Capital LLC now owns 73,570 shares of the company’s stock worth $378,000 after purchasing an additional 35,643 shares in the last quarter.

About Cambria Cannabis ETF

The Cambria Cannabis ETF (TOKE) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund is an actively-managed portfolio of globally-listed companies related to cannabis and hemp. TOKE was launched on Jul 25, 2019 and is managed by Cambria.