AMMO INC

Ticker: POWW CUSIP: 00175J107 Class: Common Stock

CAPSTONE INVESTMENT ADVISORS, LLC's Holding History (CIK: 0001426196)

Note: Option positions (PUT/CALL) are excluded.

Q1 2021

Shares 15,023 Value ($000) $89 Avg Close $6.44 Range $3.32 - $9.95

Q4 2020

Shares 42,416 Value ($000) $140 Avg Close $2.67 Range $1.96 - $4.00

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2021	15,023	$89	$6.44	$3.32 - $9.95
Q4 2020	42,416	$140	$2.67	$1.96 - $4.00