AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) was the recipient of unusually large options trading on Friday. Traders acquired 37,914 call options on the stock. This is an increase of 82% compared to the typical volume of 20,778 call options.
AdvisorShares Pure US Cannabis ETF Price Performance
Shares of NYSEARCA:MSOS opened at $3.89 on Friday. AdvisorShares Pure US Cannabis ETF has a 1 year low of $2.96 and a 1 year high of $7.25. The business’s 50-day moving average is $4.75 and its 200-day moving average is $4.63. The company has a market capitalization of $733.89 million, a price-to-earnings ratio of 12.20 and a beta of 1.41.
Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF
A number of hedge funds have recently added to or reduced their stakes in MSOS. apricus wealth LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the 1st quarter worth approximately $36,000. Bogart Wealth LLC increased its stake in shares of AdvisorShares Pure US Cannabis ETF by 310.9% in the 1st quarter. Bogart Wealth LLC now owns 11,895 shares of the company’s stock valued at $42,000 after acquiring an additional 9,000 shares in the last quarter. Value Investment Professionals LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 1st quarter valued at $47,000. Ground Swell Capital LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the 1st quarter valued at $61,000. Finally, K.J. Harrison & Partners Inc acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the 1st quarter valued at $95,000.
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.
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