Investors Purchase Large Volume of Call Options on AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of unusually large options trading activity on Monday. Traders purchased 75,622 call options on the company. This is an increase of 60% compared to the average volume of 47,335 call options.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PFS Partners LLC boosted its stake in shares of 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 worth $40,000 after buying an additional 2,000 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in AdvisorShares Pure US Cannabis ETF by 2.5% during the second quarter. Evergreen Capital Management LLC now owns 123,040 shares of the company’s stock worth $297,000 after acquiring an additional 3,000 shares during the period. Geneos Wealth Management Inc. lifted its holdings in AdvisorShares Pure US Cannabis ETF by 3.1% during the third quarter. Geneos Wealth Management Inc. now owns 116,814 shares of the company’s stock worth $560,000 after acquiring an additional 3,500 shares during the period. Envestnet Asset Management Inc. boosted its position in AdvisorShares Pure US Cannabis ETF by 18.3% in the second quarter. Envestnet Asset Management Inc. now owns 24,397 shares of the company’s stock worth $59,000 after purchasing an additional 3,777 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in AdvisorShares Pure US Cannabis ETF by 6.8% in 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 during the period.

AdvisorShares Pure US Cannabis ETF Price Performance

NYSEARCA MSOS opened at $3.65 on Tuesday. The company has a fifty day moving average price of $4.52 and a 200-day moving average price of $4.51. The firm has a market cap of $717.12 million, a price-to-earnings ratio of 12.20 and a beta of 1.20. AdvisorShares Pure US Cannabis ETF has a 1 year low of $2.02 and a 1 year high of $7.25.

About AdvisorShares Pure US Cannabis ETF

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.