AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report)’s stock price were down 4.3% on Tuesday . The stock traded as low as $4.65 and last traded at $4.70. Approximately 7,529,848 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 9,724,721 shares. The stock had previously closed at $4.91.
AdvisorShares Pure US Cannabis ETF Stock Down 4.7 %
The company’s fifty day moving average is $6.64 and its two-hundred day moving average is $7.28. The stock has a market cap of $542.41 million, a price-to-earnings ratio of 12.20 and a beta of 0.77.
Institutional Trading of AdvisorShares Pure US Cannabis ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the first quarter worth approximately $1,875,000. Murchinson Ltd. purchased a new position in shares of AdvisorShares Pure US Cannabis ETF during the second quarter worth approximately $11,721,000. Millennium Management LLC grew its position in shares of 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 acquiring an additional 34,147 shares during the last quarter. Heritage Oak Wealth Advisors LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF during the second quarter worth approximately $1,937,000. Finally, Commonwealth Equity Services LLC grew its position in shares of AdvisorShares Pure US Cannabis ETF by 3.2% during the second quarter. Commonwealth Equity Services LLC now owns 218,084 shares of the company’s stock worth $1,599,000 after acquiring an additional 6,758 shares during the last quarter.
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.
Further Reading
- Five stocks we like better than AdvisorShares Pure US Cannabis ETF
- What Do S&P 500 Stocks Tell Investors About the Market?
- Super Micro Computer Soars 28%: Is It Really Out of the Woods?
- Do ETFs Pay Dividends? What You Need to Know
- Traders Are Flocking Back to Oil: What’s Fueling the Optimism
- Using the MarketBeat Stock Split Calculator
- 3 Hot Stock Trends to Ride Into 2025
Receive News & Ratings for AdvisorShares Pure US Cannabis ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AdvisorShares Pure US Cannabis ETF and related companies with MarketBeat.com's FREE daily email newsletter.
