Investors Buy Large 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 Monday. Investors acquired 51,756 call options on the company. This represents an increase of 58% compared to the typical daily volume of 32,761 call options.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of NYSEARCA MSOS opened at $5.28 on Tuesday. AdvisorShares Pure US Cannabis ETF has a 52-week low of $2.02 and a 52-week high of $7.92. The stock has a market cap of $748.07 million, a P/E ratio of 12.20 and a beta of 1.85. The firm has a 50 day moving average price of $4.32 and a 200 day moving average price of $3.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LJI Wealth Management LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the first quarter valued at about $27,000. Ameritas Advisory Services LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter valued at about $28,000. Stratos Wealth Partners LTD. acquired a new position in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at approximately $29,000. Raymond James Financial Inc. bought a new stake in AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth approximately $30,000. Finally, Cornerstone Wealth Management LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the 1st quarter worth approximately $35,000.

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.