AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Short Interest Update

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 11,522,025 shares, a growth of 28.5% from the December 31st total of 8,969,390 shares. Currently, 5.9% of the company’s stock are sold short. Based on an average daily trading volume, of 6,775,659 shares, the short-interest ratio is presently 1.7 days. Based on an average daily trading volume, of 6,775,659 shares, the short-interest ratio is presently 1.7 days. Currently, 5.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MSOS. PFS Partners LLC boosted its position in shares of AdvisorShares Pure US Cannabis ETF by 31.3% in the third quarter. PFS Partners LLC now owns 8,380 shares of the company’s stock worth $40,000 after purchasing an additional 2,000 shares during the period. Verdence Capital Advisors LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the 4th quarter worth $48,000. Main Street Group LTD bought a new position in AdvisorShares Pure US Cannabis ETF in the 4th quarter worth $49,000. Gainplan LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF in the 3rd quarter worth $55,000. Finally, Ameritas Advisory Services LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the second quarter valued at about $28,000.

AdvisorShares Pure US Cannabis ETF Price Performance

Shares of AdvisorShares Pure US Cannabis ETF stock traded up $0.06 during trading on Monday, hitting $4.09. 3,535,498 shares of the company’s stock traded hands, compared to its average volume of 6,639,195. The stock has a market capitalization of $803.56 million, a P/E ratio of 12.20 and a beta of 1.20. The business has a 50-day simple moving average of $4.50 and a 200-day simple moving average of $4.40. AdvisorShares Pure US Cannabis ETF has a 1 year low of $2.02 and a 1 year high of $7.25.

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.