AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) shares gapped down before the market opened on Wednesday. The stock had previously closed at $5.09, but opened at $4.75. AdvisorShares Pure US Cannabis ETF shares last traded at $4.6590, with a volume of 2,068,951 shares trading hands.
AdvisorShares Pure US Cannabis ETF Trading Down 11.1%
The firm’s fifty day moving average price is $4.73 and its 200 day moving average price is $4.58. The firm has a market capitalization of $891.24 million, a PE ratio of 12.20 and a beta of 1.38.
Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF
Institutional investors have recently modified their holdings of the company. Compass Financial Management LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at approximately $3,272,000. Worth Asset Management LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the second quarter worth approximately $295,000. Vigilare Wealth Management lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 26.0% during the second quarter. Vigilare Wealth Management now owns 48,500 shares of the company’s stock worth $246,000 after buying an additional 10,000 shares during the last quarter. Anson Funds Management LP boosted its position in shares of 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 valued at $57,975,000 after acquiring an additional 6,056,223 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the first quarter valued at approximately $420,000.
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.
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