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

Shares of AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) dropped 0.9% during mid-day trading on Wednesday . The stock traded as low as $3.43 and last traded at $3.48. Approximately 48,355 shares traded hands during trading, a decline of 13% from the average daily volume of 55,625 shares. The stock had previously closed at $3.51.

AdvisorShares Pure Cannabis ETF Trading Down 0.9 %

The business’s fifty day moving average is $3.27 and its 200 day moving average is $3.52.

Institutional Inflows and Outflows

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

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.