AdvisorShares Pure US Cannabis ETF Sees Unusually High Options Volume (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of unusually large options trading on Tuesday. Investors bought 47,005 call options on the company. Thisisanincreaseof89% compared to the typical daily volume of 24,878 call options.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Several large investors have recently added to or reduced their stakes in the stock. Oasis Management Co Ltd. bought a new stake in AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at $15,572,000. AdvisorShares Investments LLC boosted its holdings in AdvisorShares Pure US Cannabis ETF by 7.4% in the second quarter. AdvisorShares Investments LLC now owns 3,259,493 shares of the company’s stock valued at $7,855,000 after acquiring an additional 225,040 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at $11,107,000. Group One Trading LLC boosted its holdings in AdvisorShares Pure US Cannabis ETF by 153.4% in the second quarter. Group One Trading LLC now owns 1,264,841 shares of the company’s stock valued at $3,048,000 after acquiring an additional 765,690 shares in the last quarter. Finally, Graham Capital Management L.P. boosted its holdings in AdvisorShares Pure US Cannabis ETF by 2,429.6% in 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 acquiring an additional 1,129,753 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Price Performance

Shares of AdvisorShares Pure US Cannabis ETF stock opened at $5.26 on Tuesday. AdvisorShares Pure US Cannabis ETF has a one year low of $2.02 and a one year high of $7.92. The stock has a market capitalization of $745.24 million, a P/E ratio of 12.20 and a beta of 1.85. The business’s 50 day simple moving average is $3.17 and its two-hundred day simple moving average is $2.85.

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.