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

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) dropped 1.8% during trading on Monday . The stock traded as low as $3.60 and last traded at $3.72. Approximately 38,429 shares traded hands during 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 Trading Down 1.8 %

The firm’s fifty day simple moving average is $3.73 and its 200 day simple moving average is $3.31.

Institutional Inflows and Outflows

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

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.