AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Down 3.7% – Should You Sell?

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) shares traded down 3.7% during mid-day trading on Monday . The company traded as low as $3.26 and last traded at $3.2650. 974,068 shares traded hands during trading, a decline of 88% from the average session volume of 7,870,957 shares. The stock had previously closed at $3.39.

AdvisorShares Pure US Cannabis ETF Stock Performance

The firm has a market cap of $643.95 million, a P/E ratio of 12.20 and a beta of 1.20. The firm has a 50 day simple moving average of $4.50 and a 200 day simple moving average of $3.68.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Several institutional investors and hedge funds have recently bought and sold shares of MSOS. Stratos Wealth Partners LTD. bought a new position in AdvisorShares Pure US Cannabis ETF in the 2nd quarter worth about $29,000. Evergreen Capital Management LLC grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 65.0% during the first quarter. Evergreen Capital Management LLC now owns 120,040 shares of the company’s stock worth $313,000 after purchasing an additional 47,300 shares in the last quarter. Monaco Asset Management SAM increased its position in shares of AdvisorShares Pure US Cannabis ETF by 9.8% in the second quarter. Monaco Asset Management SAM now owns 1,125,000 shares of the company’s stock worth $2,711,000 after purchasing an additional 100,000 shares during the last quarter. Kazazian Asset Management LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF in the first quarter worth approximately $1,860,000. Finally, Bleakley Financial Group LLC raised its stake in AdvisorShares Pure US Cannabis ETF by 29.4% in the second quarter. Bleakley Financial Group LLC now owns 578,445 shares of the company’s stock valued at $1,394,000 after purchasing an additional 131,510 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Company Profile

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.