Cambria Cannabis ETF (BATS:TOKE) Trading Down 6.3% – What’s Next?

Cambria Cannabis ETF (BATS:TOKE) traded down 6.3% during mid-day trading on Friday . The stock traded as low as $4.83 and last traded at $4.54. 37,163 shares were traded 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 Stock Down 6.3 %

The firm’s 50-day simple moving average is $4.86 and its 200-day simple moving average is $5.39. The firm has a market capitalization of $11.56 million, a PE ratio of 11.33 and a beta of 1.09.

Institutional Trading of Cambria Cannabis ETF

A number of institutional investors have recently made changes to their positions in TOKE. Jane Street Group LLC raised its holdings in Cambria Cannabis ETF by 756.7% during the 4th quarter. Jane Street Group LLC now owns 138,415 shares of the company’s stock valued at $710,000 after buying an additional 122,258 shares during the last quarter. Marathon Partners Equity Management LLC purchased a new stake in Cambria Cannabis ETF in the fourth quarter worth about $385,000. OLD Mission Capital LLC boosted its position in shares of Cambria Cannabis ETF by 94.0% during the fourth quarter. OLD Mission Capital LLC now owns 73,570 shares of the company’s stock valued at $378,000 after purchasing an additional 35,643 shares in the last quarter. Finally, Eschler Asset Management LLP bought a new stake in shares of Cambria Cannabis ETF during the 4th quarter valued at $205,000.

Cambria Cannabis ETF Company Profile

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.