AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 8,969,390 shares, a decline of 38.9% from the December 15th total of 14,668,526 shares. Based on an average daily trading volume, of 24,704,443 shares, the short-interest ratio is presently 0.4 days. Currently, 4.6% of the company’s stock are sold short. Currently, 4.6% of the company’s stock are sold short. Based on an average daily trading volume, of 24,704,443 shares, the short-interest ratio is presently 0.4 days.
Institutional Trading of AdvisorShares Pure US Cannabis ETF
Several hedge funds have recently bought and sold shares of MSOS. Ameritas Advisory Services LLC acquired a new position in AdvisorShares Pure US Cannabis ETF during the second quarter worth $28,000. Stratos Wealth Partners LTD. acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the second quarter valued at about $29,000. Raymond James Financial Inc. bought a new stake in shares of AdvisorShares Pure US Cannabis ETF during the second quarter worth about $30,000. PFS Partners LLC raised its holdings 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 acquiring an additional 2,000 shares during the last quarter. Finally, Gainplan LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the 3rd quarter valued at about $55,000.
AdvisorShares Pure US Cannabis ETF Stock Down 2.5%
NYSEARCA:MSOS traded down $0.12 on Friday, hitting $4.77. The stock had a trading volume of 5,822,160 shares, compared to its average volume of 6,688,819. AdvisorShares Pure US Cannabis ETF has a 52 week low of $2.02 and a 52 week high of $7.25. The business’s fifty day moving average is $4.32 and its 200 day moving average is $4.24. The company has a market cap of $937.16 million, a PE ratio of 12.20 and a beta of 1.20.
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.
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