Investors Purchase High Volume of AdvisorShares Pure US Cannabis ETF Call Options (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of some unusual options trading activity on Thursday. Traders purchased 22,133 call options on the stock. This represents an increase of 67% compared to the average daily volume of 13,267 call options.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of NYSEARCA:MSOS opened at $2.90 on Friday. The stock has a market capitalization of $383.90 million, a price-to-earnings ratio of 12.20 and a beta of 1.85. AdvisorShares Pure US Cannabis ETF has a 1-year low of $2.02 and a 1-year high of $8.19. The company has a 50 day moving average price of $2.47 and a 200 day moving average price of $2.86.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

A number of large investors have recently added to or reduced their stakes in MSOS. LJI Wealth Management LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 1st quarter valued at approximately $27,000. Cornerstone Wealth Management LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 1st quarter valued at approximately $35,000. Cerity Partners LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at approximately $40,000. First City Capital Management Inc. purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 1st quarter valued at approximately $42,000. Finally, IHT Wealth Management LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at approximately $52,000.

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.