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

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of some unusual options trading on Wednesday. Investors purchased 33,367 call options on the company. This is an increase of 48% compared to the typical daily volume of 22,546 call options.

AdvisorShares Pure US Cannabis ETF Price Performance

Shares of AdvisorShares Pure US Cannabis ETF stock traded down $0.57 during trading on Wednesday, hitting $4.52. 20,129,844 shares of the company’s stock traded hands, compared to its average volume of 6,714,455. AdvisorShares Pure US Cannabis ETF has a 1 year low of $2.96 and a 1 year high of $7.25. The stock has a market capitalization of $890.26 million, a P/E ratio of 12.20 and a beta of 1.38. The business has a 50-day simple moving average of $4.73 and a 200-day simple moving average of $4.58.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

A number of institutional investors have recently made changes to their positions in the stock. Anson Funds Management LP boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 58.9% during the 1st quarter. Anson Funds Management LP now owns 16,330,922 shares of the company’s stock valued at $57,975,000 after acquiring an additional 6,056,223 shares during the last quarter. AdvisorShares Investments LLC raised its holdings in shares of AdvisorShares Pure US Cannabis ETF by 2.8% during the first quarter. AdvisorShares Investments LLC now owns 4,173,764 shares of the company’s stock valued at $14,817,000 after purchasing an additional 113,213 shares during the last quarter. Compass Financial Management LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the second quarter valued at approximately $3,272,000. Eschler Asset Management LLP lifted its position in AdvisorShares Pure US Cannabis ETF by 243.8% during the fourth quarter. Eschler Asset Management LLP now owns 296,784 shares of the company’s stock valued at $1,401,000 after purchasing an additional 210,456 shares during the period. Finally, Intrepid Capital Management Inc. boosted its holdings in AdvisorShares Pure US Cannabis ETF by 466.7% in the fourth quarter. Intrepid Capital Management Inc. now owns 216,750 shares of the company’s stock worth $1,023,000 after purchasing an additional 178,500 shares during the last quarter.

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.