AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Sees Large Growth in Short Interest

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 13,777,181 shares, an increase of 17.1% from the February 12th total of 11,760,942 shares. Based on an average daily volume of 6,190,609 shares, the days-to-cover ratio is currently 2.2 days. Approximately 7.0% of the shares of the company are short sold. Approximately 7.0% of the shares of the company are short sold. Based on an average daily volume of 6,190,609 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Institutional investors have recently made changes to their positions in the stock. PFS Partners LLC increased its stake in shares of AdvisorShares Pure US Cannabis ETF by 31.3% during the third quarter. PFS Partners LLC now owns 8,380 shares of the company’s stock valued at $40,000 after acquiring an additional 2,000 shares during the period. Evergreen Capital Management LLC lifted its position in AdvisorShares Pure US Cannabis ETF by 2.5% in the second quarter. Evergreen Capital Management LLC now owns 123,040 shares of the company’s stock worth $297,000 after purchasing an additional 3,000 shares during the period. Geneos Wealth Management Inc. boosted its stake in AdvisorShares Pure US Cannabis ETF by 3.1% during the 3rd quarter. Geneos Wealth Management Inc. now owns 116,814 shares of the company’s stock valued at $560,000 after purchasing an additional 3,500 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in AdvisorShares Pure US Cannabis ETF by 18.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 24,397 shares of the company’s stock valued at $59,000 after purchasing an additional 3,777 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in AdvisorShares Pure US Cannabis ETF by 6.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 63,130 shares of the company’s stock valued at $298,000 after purchasing an additional 3,999 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Down 2.1%

Shares of MSOS opened at $3.78 on Thursday. The firm has a 50-day moving average price of $4.16 and a 200 day moving average price of $4.38. The firm has a market capitalization of $742.66 million, a PE ratio of 12.20 and a beta of 1.20. AdvisorShares Pure US Cannabis ETF has a 52-week low of $2.02 and a 52-week high of $7.25.

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.