Shares of AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO – Get Free Report) rose 0.2% during trading on Friday . The company traded as high as $3.41 and last traded at $3.31. Approximately 64,359 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 60,329 shares. The stock had previously closed at $3.30.
The stock has a 50 day moving average of $3.49 and a 200 day moving average of $3.19.
Large investors have recently added to or reduced their stakes in the business. Atria Wealth Solutions Inc. acquired a new stake in shares of AdvisorShares Pure Cannabis ETF during the 1st quarter worth approximately $260,000. Captrust Financial Advisors raised its stake in shares of AdvisorShares Pure Cannabis ETF by 82.7% during the 1st quarter. Captrust Financial Advisors now owns 4,087 shares of the company’s stock worth $44,000 after purchasing an additional 1,850 shares during the period. Jane Street Group LLC raised its stake in shares of AdvisorShares Pure Cannabis ETF by 310.9% during the 3rd quarter. Jane Street Group LLC now owns 84,211 shares of the company’s stock worth $358,000 after purchasing an additional 63,715 shares during the period. IHT Wealth Management LLC purchased a new stake in AdvisorShares Pure Cannabis ETF in the 4th quarter worth about $46,000. Finally, Concorde Asset Management LLC increased its holdings in AdvisorShares Pure Cannabis ETF by 110.6% in the 3rd quarter. Concorde Asset Management LLC now owns 48,260 shares of the company’s stock worth $165,000 after acquiring an additional 25,340 shares during the last quarter.
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.
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