AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) rose 8.5% during mid-day trading on Monday. The stock traded as high as $4.25 and last traded at $4.2750. 2,459,478 shares were traded during mid-day trading, a decline of 62% from the average session volume of 6,444,190 shares. The stock had previously closed at $3.94.
AdvisorShares Pure US Cannabis ETF Price Performance
The company’s fifty day moving average price is $4.62 and its 200 day moving average price is $4.45. The company has a market cap of $798.25 million, a PE ratio of 12.20 and a beta of 1.41.
Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF
A number of institutional investors have recently added to or reduced their stakes in MSOS. Anson Funds Management LP lifted its position in shares of AdvisorShares Pure US Cannabis ETF by 58.9% during the 1st quarter. Anson Funds Management LP now owns 16,330,922 shares of the company’s stock worth $57,975,000 after buying an additional 6,056,223 shares in the last quarter. Compass Financial Management LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the second quarter valued at approximately $3,272,000. Renaissance Technologies LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the first quarter worth $420,000. AdvisorShares Investments LLC lifted its holdings in AdvisorShares Pure US Cannabis ETF by 2.8% during the first quarter. AdvisorShares Investments LLC now owns 4,173,764 shares of the company’s stock worth $14,817,000 after acquiring an additional 113,213 shares during the period. Finally, Worth Asset Management LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the second quarter worth $295,000.
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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