AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) was the recipient of some unusual options trading on Friday. Investors bought 60,880 call options on the company. This is an increase of approximately 36% compared to the average daily volume of 44,814 call options.
AdvisorShares Pure US Cannabis ETF Price Performance
Shares of NYSEARCA MSOS opened at $5.80 on Friday. AdvisorShares Pure US Cannabis ETF has a 1 year low of $2.02 and a 1 year high of $6.02. The stock has a market capitalization of $1.09 billion, a P/E ratio of 12.20 and a beta of 1.20. The company has a 50-day moving average price of $4.24 and a 200-day moving average price of $3.79.
Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF
Several hedge funds have recently made changes to their positions in MSOS. PFS Partners LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 31.3% during the third quarter. PFS Partners LLC now owns 8,380 shares of the company’s stock valued at $40,000 after buying an additional 2,000 shares during the last quarter. Gainplan LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the third quarter valued at $55,000. Ameritas Advisory Services LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF during the second quarter valued at approximately $28,000. Stratos Wealth Partners LTD. bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the second quarter valued at about $29,000. Finally, Raymond James Financial Inc. bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the second quarter valued at approximately $30,000.
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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