AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) was the recipient of some unusual options trading on Wednesday. Investors purchased 33,367 call options on the company. This represents an increase of approximately 48% compared to the average daily volume of 22,546 call options.
Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF
Several institutional investors have recently made changes to their positions in the company. Anson Funds Management LP lifted its stake in AdvisorShares Pure US Cannabis ETF by 58.9% in the first quarter. Anson Funds Management LP now owns 16,330,922 shares of the company’s stock worth $57,975,000 after acquiring an additional 6,056,223 shares during the period. AdvisorShares Investments LLC increased its position in AdvisorShares Pure US Cannabis ETF by 2.8% during the 1st quarter. AdvisorShares Investments LLC now owns 4,173,764 shares of the company’s stock valued at $14,817,000 after purchasing an additional 113,213 shares during the period. Compass Financial Management LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at about $3,272,000. Eschler Asset Management LLP raised its holdings in shares of AdvisorShares Pure US Cannabis ETF by 243.8% in the 4th quarter. Eschler Asset Management LLP now owns 296,784 shares of the company’s stock valued at $1,401,000 after purchasing an additional 210,456 shares in the last quarter. Finally, Intrepid Capital Management Inc. lifted its position in shares of AdvisorShares Pure US Cannabis ETF by 466.7% in the 4th quarter. Intrepid Capital Management Inc. now owns 216,750 shares of the company’s stock worth $1,023,000 after purchasing an additional 178,500 shares during the period.
AdvisorShares Pure US Cannabis ETF Stock Up 1.4%
NYSEARCA:MSOS traded up $0.07 during midday trading on Friday, hitting $4.67. The stock had a trading volume of 190,906 shares, compared to its average volume of 6,660,812. The stock has a 50-day moving average of $4.74 and a 200 day moving average of $4.59. The company has a market capitalization of $918.82 million, a price-to-earnings ratio of 12.20 and a beta of 1.38. AdvisorShares Pure US Cannabis ETF has a one year low of $2.96 and a one year high of $7.25.
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.
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