AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Shares Down 0.9% – Here’s What Happened

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO)’s share price traded down 0.9% during trading on Wednesday . The company traded as low as $3.43 and last traded at $3.48. 48,355 shares were traded during mid-day trading, a decline of 13% from the average session volume of 55,625 shares. The stock had previously closed at $3.51.

AdvisorShares Pure Cannabis ETF Stock Up 1.7 %

The stock has a 50 day moving average of $3.27 and a 200 day moving average of $3.51.

Hedge Funds Weigh In On AdvisorShares Pure Cannabis ETF

An institutional investor recently bought a new position in AdvisorShares Pure Cannabis ETF stock. Pallas Capital Advisors LLC purchased a new stake in AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,500 shares of the company’s stock, valued at approximately $36,000. Pallas Capital Advisors LLC owned 0.08% of AdvisorShares Pure Cannabis ETF as of its most recent filing with the Securities & Exchange Commission.

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.