AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Trading Down 3.2% – What’s Next?

Posted by Tyrone Williams on Nov 29th, 2024

Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) fell 3.2% during mid-day trading on Friday . The company traded as low as $4.51 and last traded at $4.52. 3,052,751 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 9,753,885 shares. The stock had previously closed at $4.67.

AdvisorShares Pure US Cannabis ETF Stock Down 3.0 %

The business has a 50-day moving average price of $6.28 and a 200-day moving average price of $7.05. The firm has a market capitalization of $525.03 million, a PE ratio of 12.20 and a beta of 0.77.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

A number of large investors have recently made changes to their positions in MSOS. Clear Street Derivatives LLC purchased a new position in AdvisorShares Pure US Cannabis ETF in the third quarter worth approximately $49,437,000. Murchinson Ltd. grew its position in AdvisorShares Pure US Cannabis ETF by 18.8% in the third quarter. Murchinson Ltd. now owns 1,899,800 shares of the company’s stock worth $13,619,000 after acquiring an additional 300,800 shares during the period. JW Asset Management LLC grew its position in AdvisorShares Pure US Cannabis ETF by 31.4% in the third quarter. JW Asset Management LLC now owns 1,093,369 shares of the company’s stock worth $7,839,000 after acquiring an additional 261,086 shares during the period. Sender Co & Partners Inc. grew its position in AdvisorShares Pure US Cannabis ETF by 3,714.9% in the third 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 grew its position in AdvisorShares Pure US Cannabis ETF by 5.2% in the second quarter. Millennium Management LLC now owns 694,881 shares of the company’s stock worth $5,093,000 after acquiring an additional 34,147 shares during the period.

AdvisorShares Pure US Cannabis ETF Company Profile

(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.