AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Trading 3% Higher – Here’s Why

Shares of AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) shot up 3% on Tuesday . The company traded as high as $2.45 and last traded at $2.42. 139,234 shares traded hands during trading, an increase of 120% from the average session volume of 63,181 shares. The stock had previously closed at $2.35.

AdvisorShares Pure Cannabis ETF Stock Up 3.0 %

The business’s 50 day moving average is $2.72 and its 200-day moving average is $3.11.

Hedge Funds Weigh In On AdvisorShares Pure Cannabis ETF

A number of hedge funds have recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in AdvisorShares Pure Cannabis ETF by 134.8% during the 3rd quarter. Jane Street Group LLC now owns 214,930 shares of the company’s stock worth $701,000 after buying an additional 123,386 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of AdvisorShares Pure Cannabis ETF during the 3rd quarter valued at approximately $118,000. Finally, International Assets Investment Management LLC lifted its stake in AdvisorShares Pure Cannabis ETF by 394.3% during the third quarter. International Assets Investment Management LLC now owns 60,480 shares of the company’s stock worth $197,000 after purchasing an additional 48,244 shares during the last quarter.

About AdvisorShares Pure Cannabis ETF

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.