Janney Montgomery Scott LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Free Report) by 34.4% in the first quarter, HoldingsChannel reports. The firm owned 139,355 shares of the company’s stock after acquiring an additional 35,686 shares during the period. Janney Montgomery Scott LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $364,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Oasis Management Co Ltd. acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at $15,572,000. Alyeska Investment Group L.P. acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at $11,107,000. Quinn Opportunity Partners LLC increased its holdings in AdvisorShares Pure US Cannabis ETF by 1,299.9% during the 4th quarter. Quinn Opportunity Partners LLC now owns 2,869,825 shares of the company’s stock valued at $10,934,000 after purchasing an additional 2,664,825 shares in the last quarter. AdvisorShares Investments LLC increased its holdings in AdvisorShares Pure US Cannabis ETF by 0.6% during the 4th quarter. AdvisorShares Investments LLC now owns 2,864,453 shares of the company’s stock valued at $10,914,000 after purchasing an additional 16,635 shares in the last quarter. Finally, Rovida Advisors Inc. increased its holdings in AdvisorShares Pure US Cannabis ETF by 400.0% during the 4th quarter. Rovida Advisors Inc. now owns 1,000,000 shares of the company’s stock valued at $3,790,000 after purchasing an additional 800,000 shares in the last quarter.
AdvisorShares Pure US Cannabis ETF Price Performance
MSOS stock opened at $2.42 on Friday. The business has a fifty day moving average price of $2.49 and a 200 day moving average price of $2.89. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $2.02 and a fifty-two week high of $8.19. The stock has a market capitalization of $320.35 million, a price-to-earnings ratio of 12.20 and a beta of 1.85.
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.
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