Short Interest in AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Declines By 19.9%
by Scott Moore · The Cerbat GemAdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO – Get Free Report) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 22,724 shares, a decrease of 19.9% from the January 29th total of 28,376 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 105,733 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 105,733 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are sold short.
AdvisorShares Pure Cannabis ETF Stock Performance
YOLO stock traded up $0.03 during midday trading on Tuesday, reaching $2.89. 25,946 shares of the company were exchanged, compared to its average volume of 64,462. The company has a market cap of $36.30 million, a price-to-earnings 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. The stock’s 50-day simple moving average is $3.11 and its 200 day simple moving average is $3.20.
Hedge Funds Weigh In On AdvisorShares Pure Cannabis ETF
Several hedge funds have recently made changes to their positions in YOLO. CWM LLC acquired a new stake in shares of AdvisorShares Pure Cannabis ETF in the 4th quarter valued at about $26,000. Sankala Group LLC acquired a new position in AdvisorShares Pure Cannabis ETF during the fourth quarter worth approximately $40,000. Advisory Alpha LLC purchased a new stake in AdvisorShares Pure Cannabis ETF in the fourth quarter valued at approximately $57,000. Geneos Wealth Management Inc. boosted its holdings in shares of AdvisorShares Pure Cannabis ETF by 1,252.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 50,860 shares of the company’s stock valued at $168,000 after acquiring an additional 47,100 shares during the period. Finally, Wealthfront Advisers LLC boosted its holdings in shares of AdvisorShares Pure Cannabis ETF by 110.6% in the second quarter. Wealthfront Advisers LLC now owns 99,979 shares of the company’s stock valued at $189,000 after acquiring an additional 52,498 shares during the period.
AdvisorShares Pure Cannabis ETF Company Profile
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.