YOLO - AdvisorShares Pure Cannabis ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
24.76
+0.50 (+2.05%)
At close: 3:59PM EDT
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Trade prices are not sourced from all markets
Previous Close24.26
Open24.63
Bid0.00 x 1200
Ask24.56 x 800
Day's Range24.55 - 24.90
52 Week Range0.12 - 26.50
Volume43,454
Avg. Volume174,646
Net AssetsN/A
NAV25.45
PE Ratio (TTM)N/A
YieldN/A
YTD ReturnN/A
Beta (3Y Monthly)N/A
Expense Ratio (net)0.74%
Inception Date2019-04-17
  • Bad Timing Hits Marijuana's Newest ETF
    Motley Foolyesterday

    Bad Timing Hits Marijuana's Newest ETF

    Picking the wrong time to debut has proven difficult for Pure Cannabis.

  • Benzinga2 days ago

    California Reports Cannabis Sales Tax Revenue: Massive Growth, But Still Below Expectations

    California just made public its cannabis excise taxes numbers for the first quarter of 2019. Based on the reported figures, total adult use sales rose by 92 percent year-over-year, from $213 million in the first quarter of 2018 to $409.3 million for the first quarter of 2019. “Most of the growth is attributed to ‘preregulated’ inventory that was sold through in the first quarter of 2018 but not taxed,” Matt Karnes, founder and managing partner of GreenWave Advisors, told Benzinga.

  • Benzinga2 days ago

    Canadian Government Earmarks $18.5M For Cannabis Research, Education

    Blair was the driving force behind the Cannabis Act during this tenure as a Member of Parliament. Among the studies that will be conducted at the university, there’s one focused on cannabinoid hyperemesis syndrome (CHS). “Experiencing Cannabinoid Hyperemesis Syndrome has been challenging physically and mentally," Alice Moon, Director of Communications for Blunt Talks and vocal advocate for CHS awareness told Benzinga.

  • Benzinga2 days ago

    Canada Gets World's First Inverse, Leveraged Cannabis ETFs

    Already one of the world's largest markets in terms of sheer number of cannabis exchange traded funds, Canada is breaking new ground as the home to the world's first inverse and leveraged marijuana ETFs. ...

  • Benzinga3 days ago

    The Surprising Way Trump's US-China Trade Dispute Hurts Marijuana Users

    Major political disputes often create unpredictable ripples in the world of cannabis. When President Donald Trump caused a government shutdown because legislators wouldn’t fund his border wall, that meant government workers were left without pay or medical services. Like, for example, when the Cato Institute discovered legalizing marijuana would do more to curb illegal drug smuggling than a wall ever could.

  • Benzinga4 days ago

    New Report Says US Cannabis Market Could Hit $22.7B By 2023, New York And Massachusetts To Emerge As Leaders

    The estimates in the Brightfield Group report imply a compound annual growth rate (CAGR) of 20 percent over the next four years. The recreational market is expected to lead the charge, at least in 2019, delivering 33 percent growth, driven by a variety of factors including the stabilization of the market in California and new adult-use markets coming online. Brightfield Group’s estimates assume the number of active adult-use states (meaning those currently selling products, versus those with laws in place but no real sales) will surge from seven in 2019 to 16 by 2023.

  • Marijuana Stocks & ETFs: What Investors Need to Know
    Zacks5 days ago

    Marijuana Stocks & ETFs: What Investors Need to Know

    Here is what investors need to know about cannabis investing and the first actively managed pot ETF.

  • Benzinga5 days ago

    Cannabis: Seven Avoidable Investment Mistakes

    While this provides a rare wealth-creation opportunity, the road to maturity for this emerging market is also unusually impacted by legislation, taxation, regulation and margin normalization across every investable sector. Cannabis is poised to impact every vertical in the economy, following a path similar in some ways to the one technology took when it went from being a sector to becoming an undeniable part of every sector. Lessons from previous cycles can serve as a useful guide towards better decisions for the informed investor.

  • PR Newswire9 days ago

    AdvisorShares Pure Cannabis ETF (Ticker: YOLO) Lists Options

    YOLO is the first US-listed actively managed ETF to deliver dedicated, fully-invested cannabis exposure. YOLO seeks long-term capital appreciation by investing in both domestic and foreign cannabis equity securities.

  • Benzinga9 days ago

    From High To Health: A New Cannabis Paradigm

    The words, "Dad, you said the 'F' word!" were delivered in an authoritarian manner from the back seat. In that instant, I had an "F word" flashback. One night's vivid memory: an Ozzie and Harriet, nuclear family kitchen scene: white Formica table, yellow pleather chairs, table set perfectly.

  • Benzinga10 days ago

    RegTalk: DOJ Issues Guidance On A Well Designed And Effective Corporate Compliance Program

    The Department of Justice (DOJ) updated its guidance to help prosecutors to evaluate corporate compliance programs.  Prosecutors rely on this guidance when evaluating business organizations during an investigation, determining whether to bring charges or when entering into a plea agreement. Is it applied effectively so that it mitigates risk identified during a risk assessment process?

  • Benzinga10 days ago

    PTSD, Veterans And Suicide: Action Is Needed, And Cannabis May Help

    With both deaths occurring near hospitals servicing the Department of Veterans Affairs, the VA was very much in the spotlight, as the media and citizens tried to make sense of the far-too-common tragedy of veteran suicides. Veterans have a hard time getting access to the plant: the VA is a federal agency and therefore must follow federal laws.

  • Benzinga10 days ago

    Survey: Most Bankers In The US Want To Get Cannabis Clients—With Federal Protection

    Fintech company Promontory Interfinancial Network recently conducted a survey of bankers in the U.S. Results showed that 82 percent of respondents think the federal government should allow them to serve ...

  • Benzinga11 days ago

    A Survivor's Story: Meet L.A. Weekly's New Cannabis Editor

    I hear it, and I’m taken to a distant place and time. Snapshots of formative years play like a grainy old newsreel. Images powerful and iconic; sounds and smells palpably memorable. My personal time capsule ...

  • PR Newswire11 days ago

    AdvisorShares Pure Cannabis ETF (Ticker: YOLO) Lists Options on CBOE

    YOLO is the first US-listed actively managed ETF to deliver dedicated, fully-invested cannabis exposure. YOLO seeks long-term capital appreciation by investing in both domestic and foreign cannabis equity securities.

  • Benzinga11 days ago

    Analysis: Cannabis Shops Linked To Lower Crime, Increased Property Values

    As more municipal officials are faced with a decision to allow or ban cannabis dispensaries, a new study highlights those dispensaries’ links to lower crime, declining teen use, and increased property values. Fears over crime rates, teen use, and property values often drive the discussion around local zoning issues. What we found in our report—Debunking Dispensary Myths—was eye-opening.

  • Marijuana ETFs Head-to-Head
    Zacks15 days ago

    Marijuana ETFs Head-to-Head

    Here is what investors need to know about cannabis investing and the two ETFs that provide exposure to the space.

  • Benzinga15 days ago

    How These Athletes Are Using Cannabis For Training, Recovery

    In May 2018, the International Health, Racquet & Sportsclub Association valued the global health club industry alone at $87.2 billion. The U.S. led all markets with $30 billion in health club counts and memberships, the organization said. Many athletes have turned to THC and CBD products to treat their bodies after rigorous games and training sessions.

  • Benzinga17 days ago

    Opinion | Trust And Community Are The Keys To Cannabis Marketing

    As legalization sweeps the world, thousands of cannabis businesses and entrepreneurs are eager to get a bite of the action. With the inundation of new businesses entering the cannabis sphere, there are a few secrets worth noting to cut through the noise and stand out against the competition.

  • Benzinga17 days ago

    10 Types Of Marijuana That Will Help Suppress Your Appetite

    Marijuana provides stress relief, helps out in social situations and makes your creativity bloom, it’s the world’s most versatile plant, offering a kick to almost all activities. Lucky for you, we found 10 types of marijuana and are munchie free and will suppress your appetite. Know that there are multiple ways to consume marijuana, you can eat or drink it, rub it into your skin, vape, smoke and much more.

  • Cannabis Stocks Had a Mixed Performance Last Week
    Market Realist18 days ago

    Cannabis Stocks Had a Mixed Performance Last Week

    Key Cannabis Sector Updates: Price Action and Analyst RatingsCannabis stocksCannabis ETFs traded on a negative note last week. The Horizons Marijuana Life Sciences ETF (HMMJ) fell 1.2%, while the ETFMG Alternate Harvest ETF (MJ) gained 0.33%. The

  • Benzinga18 days ago

    MJ Freeway CEO: 4/20 Holiday Set Legal Cannabis Sales Record

    Benzinga recently chatted with Jessica Billingsley, co-founder and CEO of MJ Freeway to discuss 4/20 results, industry patterns and more following the company’s presentation and fireside chat at the Cannabis Capital Conference in Toronto. MJ Freeway is the largest cannabis tech provider in the world, holding 30 percent market share with operations in every legal U.S. state and 11 international countries. “The interesting takeaway from the 4/20 numbers was the fact that sales spike starts ahead of the holiday, and continues to significantly spike over a three-day period," Billingsley said.

  • Benzinga22 days ago

    The Science Behind Combining Cannabis And Caffeine

    Plenty of stoners know that the best way to start your day is to blaze up with a fresh cup of coffee (we’ve already found a number of different ways to incorporate cannabis into our morning joe). A study published in the Journal of Internal Medicine last year found that increased coffee consumption led to a drop-off of blood metabolites in the endocannabinoid system (ECS). The lead author of this study, Marilyn Cornelius, explains that the endocannabinoid metabolic pathway is an important part of how the body regulates stress.

  • Benzinga22 days ago

    Jim Belushi, Weed Farmer: 'I Believe In The Spirit And Medicine Cannabis Offers'

    This is part two of a two-part series by Philip Rebentisch, Chief Storyteller at Gotta Story Media. My first article about actor-comedian-musician Jim Belushi covered Jim’s stellar entertainment career.

  • The MJ ETF Faces a Changing Marijuana ETF Landscape
    InvestorPlace22 days ago

    The MJ ETF Faces a Changing Marijuana ETF Landscape

    In the world of exchange-traded funds (ETFs), first-mover advantage is significant. The SPDR S&P 500 ETF (NYSEARCA:SPY) was the first ETF to list in the U.S. and today SPY remains the world's largest ETF.Source: Shutterstock First-mover advantage is even more important for ETFs operating in more focused, nuanced market niches. For examples, it has paid to be the first technology or healthcare sector ETF. Going even further, thematic ETFs that ultimately find success are usually among the first to occupy a particular investment niche.The ETFMG Alternative Harvest ETF (NYSEARCA:MJ) was the first marijuana ETF to list in the U.S. and its $1.21 billion in assets under management prove it is good to be first. These days, MJ is largely known as the first marijuana available to U.S. investors and one of this year's best-performing non-leveraged ETFs. AYear to date, MJ is up 39% despite an April decline of 5.7%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMJ has an interesting backstory. It was not born as a marijuana ETF. The fund was originally a Latin American real estate ETF. In late December 2017, the issuer converted it to a marijuana ETF and MJ was born. That move allowed MJ to avoid some of the thorny regulatory issues associated with launching cannabis funds in the U.S. while, for some time, cornering the U.S. marijuana ETF market. Competition Arrives for the MJ ETFIn addition to the aforementioned first-mover advantage, another hallmark of the ETF industry, like any other field, is competition. A fund that addresses even a highly focused segment (as does MJ), that proves successful (as has MJ), is likely to draw competition. * 10 Cheap Stocks to Buy in May, But Don't Go Away Recently, MJ got its first taste of direct competition with the debut of the AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO). YOLO debuted on April 18 so as of this writing the newest U.S. marijuana ETF has been around for all of five trading days, but it is off to a decent start with just over $14.8 million in assets under management.That does not mean MJ is ceding cash to YOLO, but the latter's asset-gathering proficiency out of the gates does confirm the marijuana ETF market is ripe for competition. YOLO sets itself apart from the established MJ in at least two obvious ways. First, YOLO's annual fee of 0.74%, or $74 on a $10,000 investment, is one basis point cheaper than MJ's fee.With MJ up significantly this year, trading out of profitable positions in that marijuana ETF to save one basis point with YOLO probably does not make sense because that one basis point in fund fee savings will be eliminated by capital gains taxes. However, investors who are new to marijuana ETFs may prefer YOLO simply because it is slightly cheaper.Second, YOLO is an actively managed fund, meaning its managers can add or eliminated positions as they see fit. MJ is a passive, index-based marijuana ETF, meaning what investors see is what they get, at least until the fund rebalances. Bottom LineThe reality is MJ's first-mover advantage in the U.S. marijuana ETF market is significant and has also created branding advantages. To some investors, MJ is the Apple or Coca-Cola of marijuana ETFs.Importantly, the cannabis market is still in its early innings of growth. More states and countries are mulling legalization of marijuana for medicinal and recreational purposes, potentially providing MJ and other marijuana ETFs with runways for long-term growth.As the idea of cannabis legalization gains more mainstream acceptance, investors will likely see more marijuana ETFs come to market, but even with increased competition, MJ should remain one of the dominant marijuana ETFs.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post The MJ ETF Faces a Changing Marijuana ETF Landscape appeared first on InvestorPlace.