AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) saw some unusual options trading activity on Tuesday. Stock traders purchased 40,453 call options on the stock. This is an increase of 48% compared to the typical volume of 27,383 call options.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of MSOS. Tidal Investments LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 1st quarter worth approximately $1,875,000. Murchinson Ltd. bought a new position in AdvisorShares Pure US Cannabis ETF in the second quarter worth approximately $11,721,000. Millennium Management LLC lifted its holdings in AdvisorShares Pure US Cannabis ETF by 5.2% during the second quarter. Millennium Management LLC now owns 694,881 shares of the company’s stock worth $5,093,000 after buying an additional 34,147 shares during the period. Heritage Oak Wealth Advisors LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the 2nd quarter valued at $1,937,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of AdvisorShares Pure US Cannabis ETF by 3.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 218,084 shares of the company’s stock valued at $1,599,000 after acquiring an additional 6,758 shares during the period.
AdvisorShares Pure US Cannabis ETF Price Performance
Shares of MSOS stock opened at $4.72 on Wednesday. The company’s 50-day simple moving average is $6.77 and its two-hundred day simple moving average is $7.42. AdvisorShares Pure US Cannabis ETF has a one year low of $4.00 and a one year high of $11.36. The company has a market capitalization of $547.05 million, a P/E ratio of 12.20 and a beta of 0.77.
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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