Short Interest in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Grows By 56.5%

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 18,950,000 shares, anincreaseof56.5% from the June 30th total of 12,110,000 shares. Based on an average trading volume of 5,988,600 shares, the short-interest ratio is presently 3.2 days. Based on an average trading volume of 5,988,600 shares, the short-interest ratio is presently 3.2 days.

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

A number of institutional investors have recently bought and sold shares of the stock. Oasis Management Co Ltd. bought a new position in AdvisorShares Pure US Cannabis ETF in the fourth quarter worth about $15,572,000. AdvisorShares Investments LLC increased its stake in shares of AdvisorShares Pure US Cannabis ETF by 7.4% during the second quarter. AdvisorShares Investments LLC now owns 3,259,493 shares of the company’s stock valued at $7,855,000 after purchasing an additional 225,040 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the fourth quarter valued at approximately $11,107,000. Quinn Opportunity Partners LLC increased its stake in shares of AdvisorShares Pure US Cannabis ETF by 1,299.9% during the fourth quarter. Quinn Opportunity Partners LLC now owns 2,869,825 shares of the company’s stock valued at $10,934,000 after purchasing an additional 2,664,825 shares in the last quarter. Finally, Graham Capital Management L.P. increased its stake in shares of AdvisorShares Pure US Cannabis ETF by 2,429.6% during the first quarter. Graham Capital Management L.P. now owns 1,176,253 shares of the company’s stock valued at $3,070,000 after purchasing an additional 1,129,753 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Price Performance

MSOS stock opened at $3.74 on Friday. AdvisorShares Pure US Cannabis ETF has a 1 year low of $2.02 and a 1 year high of $7.92. The company has a market cap of $499.94 million, a P/E ratio of 12.20 and a beta of 1.85. The firm has a 50-day moving average of $2.61 and a 200 day moving average of $2.76.

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.