AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Short Interest Update

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 9,500 shares, anincreaseof102.1% from the July 15th total of 4,700 shares. Approximately0.1% of the shares of the stock are short sold. Based on an average trading volume of 58,100 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 58,100 shares, the short-interest ratio is currently 0.2 days. Approximately0.1% of the shares of the stock are short sold.

AdvisorShares Pure Cannabis ETF Trading Down 7.7%

AdvisorShares Pure Cannabis ETF stock opened at $3.00 on Friday. AdvisorShares Pure Cannabis ETF has a 1-year low of $1.45 and a 1-year high of $3.57. The firm has a market capitalization of $39.06 million, a PE ratio of 21.88 and a beta of 1.70. The firm’s 50 day simple moving average is $2.15 and its 200 day simple moving average is $2.02.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in YOLO. Two Sigma Securities LLC purchased a new stake in shares of AdvisorShares Pure Cannabis ETF in the fourth quarter worth $48,000. Janney Montgomery Scott LLC increased its stake in AdvisorShares Pure Cannabis ETF by 25.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,206 shares of the company’s stock worth $57,000 after acquiring an additional 6,622 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in shares of AdvisorShares Pure Cannabis ETF by 18.1% in the 1st quarter. Wealthfront Advisers LLC now owns 47,481 shares of the company’s stock valued at $84,000 after acquiring an additional 7,279 shares in the last quarter. Jane Street Group LLC boosted its position in shares of AdvisorShares Pure Cannabis ETF by 23.8% during the 2nd quarter. Jane Street Group LLC now owns 141,248 shares of the company’s stock valued at $268,000 after acquiring an additional 27,153 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of AdvisorShares Pure Cannabis ETF during the 1st quarter valued at about $411,000.

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.