AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Sold by Navis Wealth Advisors LLC

Navis Wealth Advisors LLC cut its holdings in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 65.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,811 shares of the company’s stock after selling 28,538 shares during the period. Navis Wealth Advisors LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $56,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MSOS. Clear Street Derivatives LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 3rd quarter valued at $49,437,000. Murchinson Ltd. raised its position in AdvisorShares Pure US Cannabis ETF by 18.8% in the 3rd quarter. Murchinson Ltd. now owns 1,899,800 shares of the company’s stock valued at $13,619,000 after purchasing an additional 300,800 shares during the last quarter. JW Asset Management LLC boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 31.4% during the third quarter. JW Asset Management LLC now owns 1,093,369 shares of the company’s stock worth $7,839,000 after buying an additional 261,086 shares during the period. Sender Co & Partners Inc. lifted its position in AdvisorShares Pure US Cannabis ETF by 3,714.9% during the 3rd quarter. Sender Co & Partners Inc. now owns 809,590 shares of the company’s stock worth $5,805,000 after acquiring an additional 788,368 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 5.2% during the second quarter. Millennium Management LLC now owns 694,881 shares of the company’s stock worth $5,093,000 after purchasing an additional 34,147 shares during the period.

AdvisorShares Pure US Cannabis ETF Price Performance

MSOS opened at $3.54 on Friday. AdvisorShares Pure US Cannabis ETF has a 12 month low of $3.33 and a 12 month high of $11.36. The stock has a market capitalization of $410.29 million, a P/E ratio of 12.20 and a beta of 0.77. The business has a 50 day simple moving average of $3.92 and a 200-day simple moving average of $5.85.

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.