AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Sees Significant Increase in Short Interest

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 14,668,526 shares, a growth of 180.5% from the November 30th total of 5,230,066 shares. Currently, 7.8% of the company’s stock are short sold. Based on an average daily trading volume, of 17,265,374 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 17,265,374 shares, the days-to-cover ratio is presently 0.8 days. Currently, 7.8% of the company’s stock are short sold.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MSOS. Suvretta Capital Management LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 3rd quarter worth $34,330,000. Clear Street Group Inc. purchased a new position in shares of AdvisorShares Pure US Cannabis ETF during the third quarter worth about $32,633,000. Graham Capital Management L.P. increased its position in shares of AdvisorShares Pure US Cannabis ETF by 2,429.6% during the first quarter. Graham Capital Management L.P. now owns 1,176,253 shares of the company’s stock worth $3,070,000 after purchasing an additional 1,129,753 shares in the last quarter. Group One Trading LLC lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 153.4% in the 2nd quarter. Group One Trading LLC now owns 1,264,841 shares of the company’s stock valued at $3,048,000 after purchasing an additional 765,690 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 986.6% in the 2nd quarter. Jane Street Group LLC now owns 550,600 shares of the company’s stock valued at $1,327,000 after purchasing an additional 612,700 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Price Performance

Shares of MSOS stock traded up $0.07 during trading hours on Friday, reaching $4.82. 3,228,161 shares of the stock were exchanged, compared to its average volume of 9,012,560. The business’s fifty day moving average is $4.24 and its two-hundred day moving average is $3.96. The firm has a market capitalization of $906.62 million, a P/E ratio of 12.20 and a beta of 1.20. AdvisorShares Pure US Cannabis ETF has a 12-month low of $2.02 and a 12-month 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.