3-May-2024
No press releases found.
Cannabis businesses subject to federal marijuana laws under rescheduling - CRS
Seeking Alpha News (Sun, 5-May 2:57 PM ET)
BTIG sees "murky" road ahead for cannabis reclassification
Seeking Alpha News (Sat, 4-May 9:29 PM ET)
BTIG sees 'murky' road ahead for cannabis reclassification
Seeking Alpha News (Sat, 4-May 9:29 PM ET)
Marijuana opposition group raising money to fight cannabis rescheduling
Seeking Alpha News (Thu, 2-May 2:22 PM ET)
Cannabis banking reform bolstered by new poll
Seeking Alpha News (Thu, 2-May 1:30 PM ET)
Schumer eyes more cannabis reforms after ‘historic’ marijuana rescheduling decision
Seeking Alpha News (Wed, 1-May 12:19 PM ET)
Pot stocks rally snuffed day after DEA marijuana rescheduling development
Seeking Alpha News (Wed, 1-May 12:13 PM ET)
OMB review of cannabis rescheduling could put measure at risk
Seeking Alpha News (Wed, 1-May 8:51 AM ET)
Cannabis Stocks And ETFs Surge As DEA Moves To Reschedule Marijuana
Benzinga (Tue, 30-Apr 2:43 PM ET)
Pot stocks surge on news of cannabis rescheduling
Seeking Alpha News (Tue, 30-Apr 2:15 PM ET)
The AdvisorShares Pure Cannabis ETF (Ticker: YOLO) became the first actively managed ETF with a dedicated cannabis investment mandate domiciled in the United States. The AdvisorShares Pure Cannabis ETF, or YOLO, seeks long-term capital appreciation by investing in both domestic and foreign cannabis equity securities. YOLO is designed to fully-invest for pure cannabis exposure under the guidance of a deeply experienced portfolio management team navigating the emerging cannabis marketplace.
Advisorshares Pure Cannabis ETF trades on the ARCA stock market under the symbol YOLO.
As of May 3, 2024, YOLO stock price declined to $4.07 with 40,550 million shares trading.
YOLO has a beta of 1.25, meaning it tends to be more sensitive to market movements. YOLO has a correlation of 0.09 to the broad based SPY ETF.
YOLO has a market cap of $52.26 million. This is considered a Micro Cap stock.
In the last 3 years, YOLO stock traded as high as $21.95 and as low as $2.36.
YOLO has outperformed the market in the last year with a price return of +51.6% while the SPY ETF gained +27.0%. YOLO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +7.8% and +7.4%, respectively, while the SPY returned +3.7% and +3.3%, respectively.
YOLO support price is $3.93 and resistance is $4.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that YOLO stock will trade within this expected range on the day.