Shares of AdvisorShares Psychedelics ETF (NYSEARCA:PSIL – Get Free Report) dropped 0.6% during trading on Monday . The company traded as low as $16.80 and last traded at $17.03. Approximately 18,499 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 20,591 shares. The stock had previously closed at $17.14.
AdvisorShares Psychedelics ETF Stock Down 0.6%
The stock’s 50 day simple moving average is $17.25 and its two-hundred day simple moving average is $17.98.
AdvisorShares Psychedelics ETF Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 22nd were given a dividend of $1.6839 per share. The ex-dividend date was Monday, December 22nd. This is a positive change from AdvisorShares Psychedelics ETF’s previous quarterly dividend of $0.02. This represents a $6.74 dividend on an annualized basis and a yield of 39.6%.
Institutional Trading of AdvisorShares Psychedelics ETF
AdvisorShares Psychedelics ETF Company Profile
The AdvisorShares Psychedelics ETF (PSIL) is an exchange-traded fund that mostly invests in health care equity. The fund is actively managed to provide exposure to the emerging global psychedelics industry. PSIL was launched on Sep 15, 2021 and is managed by AdvisorShares.
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