AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Shares Up 0.8% – Here’s Why

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO)’s share price shot up 0.8% during trading on Thursday . The stock traded as high as $2.71 and last traded at $2.67. 57,325 shares traded hands during trading, a decline of 3% from the average session volume of 59,201 shares. The stock had previously closed at $2.65.

AdvisorShares Pure Cannabis ETF Trading Up 0.8 %

The company has a 50-day moving average of $3.08 and a 200 day moving average of $3.33.

Hedge Funds Weigh In On AdvisorShares Pure Cannabis ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its position in shares of AdvisorShares Pure Cannabis ETF by 134.8% during the 3rd quarter. Jane Street Group LLC now owns 214,930 shares of the company’s stock worth $701,000 after buying an additional 123,386 shares during the period. Flow Traders U.S. LLC acquired a new stake in AdvisorShares Pure Cannabis ETF during the 3rd quarter valued at $118,000. International Assets Investment Management LLC increased its holdings in AdvisorShares Pure Cannabis ETF by 394.3% during the 3rd quarter. International Assets Investment Management LLC now owns 60,480 shares of the company’s stock valued at $197,000 after purchasing an additional 48,244 shares in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in AdvisorShares Pure Cannabis ETF during the 2nd quarter valued at $36,000.

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.