AdvisorShares Pure US Cannabis ETF Sees Unusually High Options Volume (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of unusually large options trading activity on Monday. Investors purchased 100,327 call options on the company. This is an increase of 371% compared to the average volume of 21,308 call options.

AdvisorShares Pure US Cannabis ETF Stock Up 8.2%

Shares of MSOS stock traded up $0.33 on Monday, reaching $4.26. The company’s stock had a trading volume of 3,147,617 shares, compared to its average volume of 6,449,210. The company has a market capitalization of $790.65 million, a P/E ratio of 12.20 and a beta of 1.41. AdvisorShares Pure US Cannabis ETF has a 12-month low of $2.96 and a 12-month high of $7.25. The stock’s 50 day simple moving average is $4.62 and its 200-day simple moving average is $4.45.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

A number of institutional investors have recently made changes to their positions in MSOS. AdvisorShares Investments LLC grew its holdings in AdvisorShares Pure US Cannabis ETF by 2.8% in the first quarter. AdvisorShares Investments LLC now owns 4,173,764 shares of the company’s stock worth $14,817,000 after purchasing an additional 113,213 shares during the period. Renaissance Technologies LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF during the first quarter valued at approximately $420,000. Compass Financial Management LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF during the second quarter valued at approximately $3,272,000. Anson Funds Management LP lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 58.9% during the first quarter. Anson Funds Management LP now owns 16,330,922 shares of the company’s stock valued at $57,975,000 after purchasing an additional 6,056,223 shares during the last quarter. Finally, Worth Asset Management LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter worth approximately $295,000.

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.