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

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) saw unusually large options trading activity on Monday. Traders acquired 64,399 call options on the company. This represents an increase of approximately 44% compared to the average volume of 44,763 call options.

AdvisorShares Pure US Cannabis ETF Price Performance

MSOS opened at $4.35 on Tuesday. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $2.06 and a fifty-two week high of $7.25. The firm has a market capitalization of $885.53 million, a PE ratio of 12.20 and a beta of 1.07. The company’s 50-day moving average is $3.84 and its 200 day moving average is $4.24.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter worth about $36,000. PFS Partners LLC increased its stake in AdvisorShares Pure US Cannabis ETF by 31.3% in the 3rd quarter. PFS Partners LLC now owns 8,380 shares of the company’s stock valued at $40,000 after buying an additional 2,000 shares during the last quarter. Verdence Capital Advisors LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at about $48,000. NewEdge Advisors LLC increased its stake in AdvisorShares Pure US Cannabis ETF by 2,857.1% in the 4th quarter. NewEdge Advisors LLC now owns 10,350 shares of the company’s stock valued at $49,000 after buying an additional 10,000 shares during the last quarter. Finally, Main Street Group LTD purchased a new stake in AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at about $49,000.

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.