AdvisorShares Psychedelics ETF (NYSEARCA:PSIL) Stock Price Up 1.6%

Shares of AdvisorShares Psychedelics ETF (NYSEARCA:PSIL) rose 1.6% on Thursday . The stock traded as high as $0.96 and last traded at $0.96. Approximately 20,804 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 64,524 shares. The stock had previously closed at $0.94.

AdvisorShares Psychedelics ETF Stock Up 1.6 %

The firm has a 50 day moving average price of $1.15 and a two-hundred day moving average price of $1.34.

Institutional Investors Weigh In On AdvisorShares Psychedelics ETF

A hedge fund recently raised its stake in AdvisorShares Psychedelics ETF stock. Spire Wealth Management grew its stake in AdvisorShares Psychedelics ETF (NYSEARCA:PSIL) by 159.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,756 shares of the company’s stock after purchasing an additional 14,000 shares during the period. Spire Wealth Management owned approximately 0.57% of AdvisorShares Psychedelics ETF worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

About AdvisorShares Psychedelics ETF

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.