Cambria Cannabis ETF (BATS:TOKE) Stock Price Down 2.1% – Time to Sell?

Cambria Cannabis ETF (BATS:TOKE)’s share price traded down 2.1% during trading on Wednesday . The stock traded as low as $4.80 and last traded at $4.78. 8,483 shares changed hands during trading, a decline of 60% from the average session volume of 21,078 shares. The stock had previously closed at $4.88.

Cambria Cannabis ETF Trading Down 2.1%

The firm’s fifty day moving average price is $4.63 and its 200 day moving average price is $4.65. The firm has a market capitalization of $12.19 million, a PE ratio of 15.43 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TOKE. Jane Street Group LLC grew its stake in shares of Cambria Cannabis ETF by 756.7% during the fourth quarter. Jane Street Group LLC now owns 138,415 shares of the company’s stock worth $710,000 after purchasing an additional 122,258 shares during the period. OLD Mission Capital LLC boosted its holdings in Cambria Cannabis ETF by 63.3% during the first quarter. OLD Mission Capital LLC now owns 120,157 shares of the company’s stock worth $541,000 after buying an additional 46,587 shares during the last quarter. Marathon Partners Equity Management LLC bought a new position in Cambria Cannabis ETF during the fourth quarter worth about $385,000. Finally, Eschler Asset Management LLP acquired a new position in shares of Cambria Cannabis ETF during the 4th quarter worth about $205,000.

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.