Cambria Cannabis ETF (BATS:TOKE) Shares Up 0.8% – Should You Buy?

Cambria Cannabis ETF (BATS:TOKE) shot up 0.8% during mid-day trading on Monday . The stock traded as high as $5.35 and last traded at $5.30. 16,197 shares were traded during mid-day trading, a decline of 82% from the average session volume of 89,500 shares. The stock had previously closed at $5.26.

Cambria Cannabis ETF Stock Performance

The stock has a market cap of $13.52 million, a P/E ratio of 15.43 and a beta of 1.02. The company’s 50 day moving average price is $5.57 and its 200-day moving average price is $5.84.

Institutional Investors Weigh In On Cambria Cannabis ETF

Several large investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in shares of Cambria Cannabis ETF during the 4th quarter valued at $678,000. HRT Financial LP purchased a new stake in shares of Cambria Cannabis ETF during the 4th quarter valued at $165,000. Insight Advisors LLC PA purchased a new stake in shares of Cambria Cannabis ETF during the 4th quarter valued at $74,000. Primoris Wealth Advisors LLC purchased a new stake in shares of Cambria Cannabis ETF during the 4th quarter valued at $108,000. Finally, Bank of America Corp DE purchased a new stake in shares of Cambria Cannabis ETF during the 3rd quarter valued at $35,000.

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.