AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Shares Down 0.9% – Here’s What Happened

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) traded down 0.9% during trading on Wednesday . The stock traded as low as $3.43 and last traded at $3.48. 48,355 shares changed hands during 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 Down 0.9 %

The stock’s fifty day moving average price is $3.27 and its 200-day moving average price is $3.52.

Institutional Trading of AdvisorShares Pure Cannabis ETF

A hedge fund recently raised its stake in AdvisorShares Pure Cannabis ETF stock. International Assets Investment Management LLC raised its position in shares of AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) by 394.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,480 shares of the company’s stock after purchasing an additional 48,244 shares during the period. International Assets Investment Management LLC owned 0.47% of AdvisorShares Pure Cannabis ETF worth $197,000 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.