AdvisorShares Pure US Cannabis ETF Sees Unusually Large Options Volume (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of some unusual options trading activity on Monday. Stock traders purchased 75,622 call options on the stock. This represents an increase of 60% compared to the average daily volume of 47,335 call options.

AdvisorShares Pure US Cannabis ETF Stock Up 9.0%

Shares of MSOS opened at $3.98 on Wednesday. The stock has a market cap of $781.95 million, a P/E ratio of 12.20 and a beta of 1.20. The business’s 50 day moving average price is $4.47 and its 200-day moving average price is $4.51. AdvisorShares Pure US Cannabis ETF has a 52 week low of $2.02 and a 52 week high of $7.25.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

A number of institutional investors have recently modified their holdings of the stock. PFS Partners LLC boosted its stake in AdvisorShares Pure US Cannabis ETF by 31.3% in the 3rd quarter. PFS Partners LLC now owns 8,380 shares of the company’s stock worth $40,000 after purchasing an additional 2,000 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in AdvisorShares Pure US Cannabis ETF by 2.5% in the second quarter. Evergreen Capital Management LLC now owns 123,040 shares of the company’s stock worth $297,000 after buying an additional 3,000 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in AdvisorShares Pure US Cannabis ETF by 3.1% in the third quarter. Geneos Wealth Management Inc. now owns 116,814 shares of the company’s stock worth $560,000 after buying an additional 3,500 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of AdvisorShares Pure US Cannabis ETF by 18.3% in the second quarter. Envestnet Asset Management Inc. now owns 24,397 shares of the company’s stock worth $59,000 after buying an additional 3,777 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 6.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 63,130 shares of the company’s stock valued at $298,000 after buying an additional 3,999 shares during 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.