AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) was the target of unusually large options trading activity on Thursday. Traders acquired 27,805 call options on the company. This is an increase of approximately 66% compared to the typical daily volume of 16,760 call options.
AdvisorShares Pure US Cannabis ETF Price Performance
NYSEARCA MSOS opened at $2.63 on Friday. The company’s 50 day simple moving average is $3.15 and its two-hundred day simple moving average is $4.61. The stock has a market capitalization of $354.60 million, a PE ratio of 12.20 and a beta of 1.30. AdvisorShares Pure US Cannabis ETF has a 1 year low of $2.40 and a 1 year high of $11.37.
Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF
Several large investors have recently added to or reduced their stakes in MSOS. Truist Financial Corp grew its stake in 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 worth $102,000 after buying an additional 6,195 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in AdvisorShares Pure US Cannabis ETF in the fourth quarter worth $36,000. Cerity Partners LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at $40,000. Edge Wealth Management LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF during the fourth quarter valued at about $42,000. Finally, One Plus One Wealth Management LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth about $45,000.
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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