AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) was the target of unusually large options trading on Thursday. Stock investors purchased 22,223 call options on the company. This represents an increase of approximately 65% compared to the typical volume of 13,472 call options.
AdvisorShares Pure US Cannabis ETF Stock Performance
MSOS stock opened at $2.56 on Friday. The stock has a 50-day simple moving average of $2.74 and a 200-day simple moving average of $4.08. The firm has a market cap of $345.16 million, a P/E ratio of 12.20 and a beta of 1.33. AdvisorShares Pure US Cannabis ETF has a 1 year low of $2.02 and a 1 year high of $11.37.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Truist Financial Corp raised its stake in shares of AdvisorShares Pure US Cannabis ETF by 30.0% in the 4th quarter. Truist Financial Corp now owns 26,865 shares of the company’s stock valued at $102,000 after purchasing an additional 6,195 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at approximately $36,000. Cerity Partners LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at approximately $40,000. Edge Wealth Management LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth $42,000. Finally, One Plus One Wealth Management LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the fourth quarter valued at $45,000.
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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