AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Trading 6.6% Higher – What’s Next?

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) shares traded up 6.6% on Tuesday . The company traded as high as $7.68 and last traded at $7.57. 10,258,930 shares were traded during mid-day trading, an increase of 15% from the average session volume of 8,915,278 shares. The stock had previously closed at $7.10.

AdvisorShares Pure US Cannabis ETF Stock Performance

The firm has a market capitalization of $891.27 million, a PE ratio of 12.20 and a beta of 0.77. The firm’s 50-day moving average is $6.94 and its 200 day moving average is $7.72.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

Several hedge funds have recently modified their holdings of the company. Tsfg LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF during the 1st quarter worth about $31,000. Powell Investment Advisors LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF during the 1st quarter worth about $58,000. Flagship Private Wealth LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth about $76,000. Sanctuary Advisors LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth about $79,000. Finally, Thompson Davis & CO. Inc. purchased a new position in AdvisorShares Pure US Cannabis ETF in the first quarter valued at approximately $129,000.

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.