Cambria Cannabis ETF (BATS:TOKE) Trading 18.6% Higher – Time to Buy?

Shares of Cambria Cannabis ETF (BATS:TOKE) traded up 18.6% during mid-day trading on Thursday . The company traded as high as $4.98 and last traded at $5.7950. 8,483 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 21,078 shares. The stock had previously closed at $4.8842.

Cambria Cannabis ETF Stock Performance

The company has a 50 day simple moving average of $5.96 and a two-hundred day simple moving average of $5.90. The firm has a market cap of $14.78 million, a PE ratio of 15.43 and a beta of 1.02.

Cambria Cannabis ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 18th were issued a $0.0235 dividend. This is a boost from Cambria Cannabis ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, December 18th. This represents a $0.09 annualized dividend and a yield of 1.6%.

Institutional Trading of Cambria Cannabis ETF

Several large investors have recently made changes to their positions in the business. Jane Street Group LLC boosted its holdings in shares of Cambria Cannabis ETF by 40.6% in the 2nd quarter. Jane Street Group LLC now owns 164,603 shares of the company’s stock valued at $737,000 after acquiring an additional 47,557 shares during the last quarter. Griffin Asset Management Inc. acquired a new position in Cambria Cannabis ETF during the third quarter valued at $271,000. Finally, Bank of America Corp DE purchased a new stake in Cambria Cannabis ETF in the third quarter valued at $35,000.

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.