Clear Street Group Inc. Makes New $32.63 Million Investment in AdvisorShares Pure US Cannabis ETF $MSOS

Clear Street Group Inc. acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,812,632 shares of the company’s stock, valued at approximately $32,633,000. Clear Street Group Inc. owned about 3.62% of AdvisorShares Pure US Cannabis ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PFS Partners LLC boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 31.3% during the 3rd quarter. PFS Partners LLC now owns 8,380 shares of the company’s stock worth $40,000 after purchasing an additional 2,000 shares during the period. Evergreen Capital Management LLC raised its position in AdvisorShares Pure US Cannabis ETF by 2.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 123,040 shares of the company’s stock worth $297,000 after purchasing an additional 3,000 shares during the period. Geneos Wealth Management Inc. raised its position in AdvisorShares Pure US Cannabis ETF by 3.1% in the 3rd quarter. Geneos Wealth Management Inc. now owns 116,814 shares of the company’s stock worth $560,000 after purchasing an additional 3,500 shares during the period. Envestnet Asset Management Inc. lifted its stake 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, Black Maple Capital Management LP boosted its position in shares of AdvisorShares Pure US Cannabis ETF by 12.5% during the second quarter. Black Maple Capital Management LP now owns 45,000 shares of the company’s stock valued at $108,000 after buying an additional 5,000 shares during the period.

AdvisorShares Pure US Cannabis ETF Stock Performance

MSOS opened at $3.82 on Friday. The stock has a market cap of $750.52 million, a price-to-earnings ratio of 12.20 and a beta of 1.20. The stock’s 50 day moving average price is $4.20 and its 200-day moving average price is $4.41. AdvisorShares Pure US Cannabis ETF has a one year low of $2.02 and a one year high of $7.25.

AdvisorShares Pure US Cannabis ETF 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.