AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Gap Down – Here’s Why

Posted by Tyrone Williams on Nov 16th, 2024

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $5.19, but opened at $5.05. AdvisorShares Pure US Cannabis ETF shares last traded at $5.04, with a volume of 7,237,336 shares trading hands.

AdvisorShares Pure US Cannabis ETF Trading Up 3.3 %

The company has a fifty day moving average of $6.68 and a 200-day moving average of $7.36. The company has a market capitalization of $586.45 million, a price-to-earnings ratio of 12.20 and a beta of 0.77.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MSOS. Clear Street Derivatives LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the third quarter valued at approximately $49,437,000. Jane Street Group LLC increased its stake in shares of AdvisorShares Pure US Cannabis ETF by 57.3% in the 1st quarter. Jane Street Group LLC now owns 6,059,388 shares of the company’s stock worth $60,654,000 after acquiring an additional 2,206,686 shares during the last quarter. Murchinson Ltd. purchased a new position in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth $11,721,000. Sender Co & Partners Inc. boosted its position in shares of 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 valued at $5,805,000 after acquiring an additional 788,368 shares during the last quarter. Finally, Udine Wealth Management Inc. purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the second quarter valued at about $2,642,000.

About AdvisorShares Pure US Cannabis ETF

(Get Free Report)

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.