Short Interest in AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Declines By 46.6%

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 25,171 shares, a drop of 46.6% from the December 15th total of 47,146 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 346,519 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 346,519 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Trading of AdvisorShares Pure Cannabis ETF

A number of hedge funds have recently made changes to their positions in YOLO. Heritage Oak Wealth Advisors LLC grew its stake in shares of AdvisorShares Pure Cannabis ETF by 22.0% in the second quarter. Heritage Oak Wealth Advisors LLC now owns 934,599 shares of the company’s stock worth $1,771,000 after purchasing an additional 168,409 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in AdvisorShares Pure Cannabis ETF by 316.0% during the 3rd quarter. Wealthfront Advisers LLC now owns 415,951 shares of the company’s stock worth $1,468,000 after buying an additional 315,972 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in AdvisorShares Pure Cannabis ETF during the third quarter valued at about $818,000. Finally, Jane Street Group LLC boosted its holdings in shares of AdvisorShares Pure Cannabis ETF by 23.8% in the second quarter. Jane Street Group LLC now owns 141,248 shares of the company’s stock worth $268,000 after buying an additional 27,153 shares during the period.

AdvisorShares Pure Cannabis ETF Trading Down 2.4%

YOLO stock traded down $0.08 during trading on Thursday, reaching $3.28. The stock had a trading volume of 41,749 shares, compared to its average volume of 52,485. The firm has a fifty day moving average price of $3.17 and a 200 day moving average price of $3.02. The company has a market capitalization of $41.52 million, a P/E ratio of 21.88 and a beta of 1.38. AdvisorShares Pure Cannabis ETF has a 1-year low of $1.45 and a 1-year high of $4.53.

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. YOLO was launched on Apr 17, 2019 and is managed by AdvisorShares.