AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Short Interest Up 27.6% in December

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 47,146 shares, a growth of 27.6% from the November 30th total of 36,939 shares. Based on an average trading volume of 135,307 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 135,307 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of AdvisorShares Pure Cannabis ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealthfront Advisers LLC grew its stake in shares of AdvisorShares Pure Cannabis ETF by 110.6% during the second quarter. Wealthfront Advisers LLC now owns 99,979 shares of the company’s stock worth $189,000 after purchasing an additional 52,498 shares during the period. Heritage Oak Wealth Advisors LLC boosted its holdings in AdvisorShares Pure Cannabis ETF by 22.0% during the second quarter. Heritage Oak Wealth Advisors LLC now owns 934,599 shares of the company’s stock worth $1,771,000 after buying an additional 168,409 shares during the last quarter. OLD Mission Capital LLC grew its position in shares of AdvisorShares Pure Cannabis ETF by 129.2% during the 1st quarter. OLD Mission Capital LLC now owns 246,245 shares of the company’s stock worth $436,000 after buying an additional 138,799 shares during the period. Jane Street Group LLC increased its stake in shares of AdvisorShares Pure Cannabis ETF by 23.8% in 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, Elevation Point Wealth Partners LLC bought a new stake in shares of AdvisorShares Pure Cannabis ETF in the 3rd quarter valued at about $818,000.

AdvisorShares Pure Cannabis ETF Stock Up 1.9%

Shares of YOLO stock opened at $3.30 on Wednesday. AdvisorShares Pure Cannabis ETF has a 12 month low of $1.45 and a 12 month high of $4.53. The firm has a market cap of $42.14 million, a price-to-earnings ratio of 21.88 and a beta of 1.38. The stock has a 50-day moving average price of $3.13 and a 200 day moving average price of $2.91.

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. YOLO was launched on Apr 17, 2019 and is managed by AdvisorShares.