Short Interest in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Declines By 16.3%

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 12,379,737 shares, a decrease of 16.3% from the March 15th total of 14,788,693 shares. Approximately 6.1% of the shares of the company are short sold. Based on an average trading volume of 6,113,237 shares, the short-interest ratio is currently 2.0 days.

AdvisorShares Pure US Cannabis ETF Price Performance

Shares of NYSEARCA:MSOS traded down $0.01 during trading on Friday, hitting $4.00. 5,005,079 shares of the company were exchanged, compared to its average volume of 6,192,285. AdvisorShares Pure US Cannabis ETF has a 52-week low of $2.06 and a 52-week high of $7.25. The company has a market cap of $814.28 million, a PE ratio of 12.20 and a beta of 1.07. The stock has a 50 day moving average of $3.84 and a 200 day moving average of $4.26.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. AdvisorShares Investments LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 15.3% in the third quarter. AdvisorShares Investments LLC now owns 3,759,593 shares of the company’s stock worth $18,008,000 after buying an additional 500,100 shares in the last quarter. Clear Street Group Inc. purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the third quarter worth $32,633,000. NewEdge Wealth LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 858.6% in the third quarter. NewEdge Wealth LLC now owns 500,271 shares of the company’s stock worth $2,396,000 after buying an additional 448,084 shares in the last quarter. Simplify Asset Management Inc. purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the third quarter worth $2,129,000. Finally, Rovida Advisors Inc. raised its position in shares of AdvisorShares Pure US Cannabis ETF by 20.0% in the third quarter. Rovida Advisors Inc. now owns 1,200,000 shares of the company’s stock worth $5,796,000 after buying an additional 200,000 shares in the last quarter.

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.