AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) Stock Price Down 0.6%

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) traded down 0.6% during trading on Friday . The company traded as low as $3.28 and last traded at $3.30. 28,269 shares traded hands during trading, a decline of 57% from the average session volume of 65,040 shares. The stock had previously closed at $3.32.

AdvisorShares Pure Cannabis ETF Price Performance

The business’s 50-day simple moving average is $3.74 and its two-hundred day simple moving average is $3.62.

AdvisorShares Pure Cannabis ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a $0.0178 dividend. The ex-dividend date of this dividend was Monday, June 24th. This is a boost from AdvisorShares Pure Cannabis ETF’s previous dividend of $0.01.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AdvisorShares Pure Cannabis ETF stock. International Assets Investment Management LLC bought a new stake in AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 32,280 shares of the company’s stock, valued at approximately $97,000. International Assets Investment Management LLC owned about 0.25% of AdvisorShares Pure Cannabis ETF as of its most recent SEC filing.

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.