AdvisorShares Pure US Cannabis ETF Target of Unusually Large Options Trading (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of unusually large options trading on Tuesday. Investors acquired 153,529 call options on the stock. This is an increase of 172% compared to the typical volume of 56,345 call options.

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. ORG Partners LLC boosted its position in AdvisorShares Pure US Cannabis ETF by 113.0% during the 4th quarter. ORG Partners LLC now owns 3,623 shares of the company’s stock worth $25,000 after acquiring an additional 1,922 shares during the last quarter. Tsfg LLC acquired a new position in AdvisorShares Pure US Cannabis ETF during the 1st quarter worth approximately $31,000. National Bank of Canada FI boosted its position in AdvisorShares Pure US Cannabis ETF by 155.0% during the 4th quarter. National Bank of Canada FI now owns 4,815 shares of the company’s stock worth $33,000 after acquiring an additional 2,927 shares during the last quarter. Canton Hathaway LLC acquired a new position in AdvisorShares Pure US Cannabis ETF during the 4th quarter worth approximately $56,000. Finally, PFS Partners LLC boosted its position in AdvisorShares Pure US Cannabis ETF by 39.3% during the 3rd quarter. PFS Partners LLC now owns 7,210 shares of the company’s stock worth $57,000 after acquiring an additional 2,035 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Trading Up 25.4 %

Shares of MSOS stock traded up $2.29 on Tuesday, reaching $11.31. The company had a trading volume of 50,387,424 shares, compared to its average volume of 9,018,769. The stock has a market cap of $1.30 billion, a PE ratio of 12.20 and a beta of 1.17. The company has a 50-day moving average of $9.07 and a 200-day moving average of $7.98. AdvisorShares Pure US Cannabis ETF has a 12 month low of $4.78 and a 12 month high of $11.36.

About AdvisorShares Pure US Cannabis ETF

The AdvisorShares Pure US Cannabis ETF (MSOS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed narrow portfolio of US stocks or swap contracts related to the domestic cannabis and hemp industry. MSOS was launched on Sep 1, 2020 and is managed by AdvisorShares.