AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Stock Price Down 1.8%

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO)’s share price were down 1.8% during mid-day trading on Monday . The company traded as low as $3.60 and last traded at $3.72. Approximately 38,429 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 65,990 shares. The stock had previously closed at $3.79.

AdvisorShares Pure Cannabis ETF Price Performance

The stock has a 50-day simple moving average of $3.74 and a 200-day simple moving average of $3.32.

Institutional Investors Weigh In On AdvisorShares Pure Cannabis ETF

A hedge fund recently bought a new stake in AdvisorShares Pure Cannabis ETF stock. International Assets Investment Management LLC acquired a new position in shares of AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 32,280 shares of the company’s stock, valued at approximately $97,000. International Assets Investment Management LLC owned about 0.25% of AdvisorShares Pure Cannabis ETF as of its most recent SEC filing.

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.