AdvisorShares Psychedelics ETF (PSIL)

AdvisorShares Psychedelics ETF (PSIL) is an exchange-traded fund in the Miscellaneous Sector category. It has $55.61M in assets, an expense ratio of 1.00% and a 6.88% dividend yield. The fund is an actively managed ETF that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from or devote 50% of their assets to psychedelic drugs and derivatives that have economic characteristics similar to such securities. The fund primarily invests in publicly listed life sciences companies focused on psychede…