AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report)’s stock price dropped 0.5% during trading on Monday . The stock traded as low as $4.22 and last traded at $4.24. Approximately 2,325,254 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 7,314,882 shares. The stock had previously closed at $4.26.
AdvisorShares Pure US Cannabis ETF Price Performance
The company has a market capitalization of $813.55 million, a PE ratio of 12.20 and a beta of 1.32. The business’s 50 day simple moving average is $4.74 and its 200 day simple moving average is $4.40.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in MSOS. Raymond James Financial Inc. purchased a new stake in AdvisorShares Pure US Cannabis ETF in the second quarter valued at $30,000. apricus wealth LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 1st quarter worth about $36,000. Kestra Advisory Services LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at about $36,000. Bogart Wealth LLC raised its holdings in AdvisorShares Pure US Cannabis ETF by 310.9% in the 1st quarter. Bogart Wealth LLC now owns 11,895 shares of the company’s stock valued at $42,000 after buying an additional 9,000 shares during the period. Finally, Value Investment Professionals LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the first quarter valued at about $47,000.
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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