YOLO Stock Summary and Trading Ideas (Advisorshares Pure Cannabis ETF | ARCA:YOLO)

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 June 25, 2024, YOLO stock price declined to $3.41 with 32,735 million shares trading.

YOLO has a beta of 1.32, meaning it tends to be more sensitive to market movements. YOLO has a correlation of 0.10 to the broad based SPY ETF.

YOLO has a market cap of $43.78 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, YOLO stock traded as high as $21.58 and as low as $2.36.

YOLO has outperformed the market in the last year with a return of +35.5%, while the SPY ETF gained +27.3%. However, in the most recent history, YOLO shares have underperformed the stock market with its stock returning -8.4% in the last 3 month period and -4.8% for the last 2 week period, while SPY has returned +5.2% and +1.8%, respectively.

YOLO support price is $3.35 and resistance is $3.52 (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.