AdvisorShares Psychedelics ETF (NYSEARCA:PSIL) Trading Up 0.8% – Still a Buy?

Shares of AdvisorShares Psychedelics ETF (NYSEARCA:PSILGet Free Report) shot up 0.8% during trading on Friday . The stock traded as high as $13.13 and last traded at $12.58. 31,779 shares traded hands during trading, an increase of 162% from the average session volume of 12,113 shares. The stock had previously closed at $12.48.

AdvisorShares Psychedelics ETF Stock Performance

The company’s 50-day simple moving average is $9.99 and its 200 day simple moving average is $4.18.

AdvisorShares Psychedelics ETF Company Profile

(Get Free Report)

The AdvisorShares Psychedelics ETF (PSIL) is an exchange-traded fund that mostly invests in health care equity. The fund is actively managed to provide exposure to the emerging global psychedelics industry. PSIL was launched on Sep 15, 2021 and is managed by AdvisorShares.

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