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

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of unusually large options trading activity on Tuesday. Stock investors acquired 153,529 call options on the company. This is an increase of 172% compared to the typical volume of 56,345 call options.

AdvisorShares Pure US Cannabis ETF Stock Performance

MSOS stock opened at $11.31 on Wednesday. The stock has a market capitalization of $1.30 billion, a P/E ratio of 12.20 and a beta of 1.17. AdvisorShares Pure US Cannabis ETF has a one year low of $4.78 and a one year high of $11.36. The company has a 50 day moving average price of $9.07 and a two-hundred day moving average price of $7.98.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Several institutional investors have recently made changes to their positions in MSOS. ORG Partners LLC lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 113.0% during the 4th quarter. ORG Partners LLC now owns 3,623 shares of the company’s stock valued at $25,000 after acquiring an additional 1,922 shares in the last quarter. Tsfg LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the 1st quarter valued at $31,000. National Bank of Canada FI lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 155.0% during the 4th quarter. National Bank of Canada FI now owns 4,815 shares of the company’s stock valued at $33,000 after acquiring an additional 2,927 shares in the last quarter. Canton Hathaway LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at $56,000. Finally, PFS Partners LLC lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 39.3% during the 3rd quarter. PFS Partners LLC now owns 7,210 shares of the company’s stock valued at $57,000 after acquiring an additional 2,035 shares in the last quarter.

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.