Cambria Cannabis ETF (BATS:TOKE) Stock Price Down 2.1% – Time to Sell?

Cambria Cannabis ETF (BATS:TOKE)’s stock price traded down 2.1% on Wednesday . The stock traded as low as $4.80 and last traded at $4.78. 8,483 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 21,078 shares. The stock had previously closed at $4.88.

Cambria Cannabis ETF Stock Down 2.1%

The stock’s fifty day moving average is $4.63 and its two-hundred day moving average is $4.65. The firm has a market capitalization of $12.19 million, a price-to-earnings ratio of 15.43 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Eschler Asset Management LLP acquired a new position in shares of Cambria Cannabis ETF during the 4th quarter worth approximately $205,000. OLD Mission Capital LLC lifted its holdings in Cambria Cannabis ETF by 94.0% during the 4th quarter. OLD Mission Capital LLC now owns 73,570 shares of the company’s stock valued at $378,000 after purchasing an additional 35,643 shares during the last quarter. Marathon Partners Equity Management LLC bought a new position in Cambria Cannabis ETF during the fourth quarter worth $385,000. Finally, Jane Street Group LLC boosted its position in Cambria Cannabis ETF by 756.7% during the fourth quarter. Jane Street Group LLC now owns 138,415 shares of the company’s stock worth $710,000 after purchasing an additional 122,258 shares during the period.

About Cambria Cannabis ETF

The Cambria Cannabis ETF (TOKE) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund is an actively-managed portfolio of globally-listed companies related to cannabis and hemp. TOKE was launched on Jul 25, 2019 and is managed by Cambria.