AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Stake Increased by Murchinson Ltd.

Murchinson Ltd. raised its holdings in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 18.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,899,800 shares of the company’s stock after purchasing an additional 300,800 shares during the quarter. AdvisorShares Pure US Cannabis ETF accounts for about 3.7% of Murchinson Ltd.’s portfolio, making the stock its 5th largest position. Murchinson Ltd.’s holdings in AdvisorShares Pure US Cannabis ETF were worth $13,619,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Clear Street Derivatives LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the 3rd quarter worth $49,437,000. Raffles Associates LP raised its holdings in shares of AdvisorShares Pure US Cannabis ETF by 197.6% in the 3rd quarter. Raffles Associates LP now owns 253,000 shares of the company’s stock valued at $1,814,000 after purchasing an additional 168,000 shares in the last quarter. JW Asset Management LLC lifted its position in shares of AdvisorShares Pure US Cannabis ETF by 31.4% in the 3rd quarter. JW Asset Management LLC now owns 1,093,369 shares of the company’s stock worth $7,839,000 after purchasing an additional 261,086 shares during the period. Mesirow Financial Investment Management Inc. bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the third quarter valued at approximately $163,000. Finally, Horrell Capital Management Inc. increased its holdings in AdvisorShares Pure US Cannabis ETF by 29.2% during the third quarter. Horrell Capital Management Inc. now owns 27,269 shares of the company’s stock valued at $196,000 after buying an additional 6,162 shares during the period.

AdvisorShares Pure US Cannabis ETF Stock Down 4.2 %

Shares of NYSEARCA:MSOS opened at $4.32 on Wednesday. The firm has a 50 day moving average of $6.18 and a 200 day moving average of $6.94. The company has a market capitalization of $500.69 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a 52 week low of $4.00 and a 52 week high of $11.36.

AdvisorShares Pure US Cannabis ETF 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.