AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Stock Price Down 0.9% – Here’s Why

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO)’s share price fell 0.9% during trading on Wednesday . The company traded as low as $3.43 and last traded at $3.48. 48,355 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 55,625 shares. The stock had previously closed at $3.51.

AdvisorShares Pure Cannabis ETF Trading Up 1.7 %

The firm has a fifty day moving average of $3.27 and a 200-day moving average of $3.51.

Institutional Investors Weigh In On AdvisorShares Pure Cannabis ETF

An institutional investor recently bought a new position in AdvisorShares Pure Cannabis ETF stock. Pallas Capital Advisors LLC acquired a new position in shares of AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,500 shares of the company’s stock, valued at approximately $36,000. Pallas Capital Advisors LLC owned about 0.08% of AdvisorShares Pure Cannabis ETF as of its most recent SEC filing.

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.