Kazazian Asset Management LLC Lowers Holdings in AdvisorShares Pure US Cannabis ETF $MSOS

Kazazian Asset Management LLC lowered its position in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 660,154 shares of the company’s stock after selling 52,404 shares during the quarter. AdvisorShares Pure US Cannabis ETF accounts for 2.2% of Kazazian Asset Management LLC’s investment portfolio, making the stock its 11th largest holding. Kazazian Asset Management LLC owned 0.49% of AdvisorShares Pure US Cannabis ETF worth $1,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AdvisorShares Investments LLC boosted its holdings in AdvisorShares Pure US Cannabis ETF by 7.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 3,259,493 shares of the company’s stock valued at $7,855,000 after purchasing an additional 225,040 shares in the last quarter. Graham Capital Management L.P. lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 2,429.6% in the 1st quarter. Graham Capital Management L.P. now owns 1,176,253 shares of the company’s stock valued at $3,070,000 after buying an additional 1,129,753 shares during the period. Monaco Asset Management SAM boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 9.8% in the second quarter. Monaco Asset Management SAM now owns 1,125,000 shares of the company’s stock valued at $2,711,000 after buying an additional 100,000 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in AdvisorShares Pure US Cannabis ETF by 268.7% during the first quarter. Proficio Capital Partners LLC now owns 601,946 shares of the company’s stock worth $1,562,000 after acquiring an additional 438,677 shares during the period. Finally, Bleakley Financial Group LLC grew its holdings in AdvisorShares Pure US Cannabis ETF by 29.4% during the second quarter. Bleakley Financial Group LLC now owns 578,445 shares of the company’s stock worth $1,394,000 after acquiring an additional 131,510 shares during the period.

AdvisorShares Pure US Cannabis ETF Stock Down 16.0%

NYSEARCA:MSOS opened at $3.36 on Monday. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $2.02 and a fifty-two week high of $6.02. The firm’s fifty day simple moving average is $4.64 and its 200-day simple moving average is $3.67. The stock has a market cap of $632.65 million, a PE ratio of 12.20 and a beta of 1.20.

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.