Cambria Cannabis ETF (BATS:TOKE) Stock Price Down 8.5% – Here’s Why

Cambria Cannabis ETF (BATS:TOKE) shares traded down 8.5% during mid-day trading on Monday . The company traded as low as $4.83 and last traded at $4.43. 37,163 shares were traded during trading, an increase of 70% from the average session volume of 21,909 shares. The stock had previously closed at $4.84.

Cambria Cannabis ETF Price Performance

The company has a fifty day moving average price of $4.53 and a 200 day moving average price of $4.77. The company has a market cap of $11.30 million, a PE ratio of 15.43 and a beta of 1.02.

Hedge Funds Weigh In On Cambria Cannabis ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Eschler Asset Management LLP bought a new stake in shares of Cambria Cannabis ETF during the 4th quarter worth $205,000. Jane Street Group LLC raised its position in Cambria Cannabis ETF by 756.7% during the fourth quarter. Jane Street Group LLC now owns 138,415 shares of the company’s stock valued at $710,000 after purchasing an additional 122,258 shares in the last quarter. Marathon Partners Equity Management LLC bought a new stake in Cambria Cannabis ETF during the fourth quarter worth about $385,000. Finally, OLD Mission Capital LLC boosted its holdings in shares of Cambria Cannabis ETF by 94.0% in the 4th quarter. OLD Mission Capital LLC now owns 73,570 shares of the company’s stock worth $378,000 after purchasing an additional 35,643 shares in the last quarter.

About Cambria Cannabis ETF

The Cambria Cannabis ETF (TOKE) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund is an actively-managed portfolio of globally-listed companies related to cannabis and hemp. TOKE was launched on Jul 25, 2019 and is managed by Cambria.