AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Trading Down 3.7% – Time to Sell?

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)’s stock price were down 3.7% during trading on Monday . The company traded as low as $3.26 and last traded at $3.2650. Approximately 974,068 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 7,870,957 shares. The stock had previously closed at $3.39.

AdvisorShares Pure US Cannabis ETF Trading Up 0.9%

The business’s fifty day moving average is $4.50 and its 200 day moving average is $3.68. The company has a market cap of $643.95 million, a P/E ratio of 12.20 and a beta of 1.20.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

Large investors have recently added to or reduced their stakes in the company. PFS Partners LLC lifted its holdings in AdvisorShares Pure US Cannabis ETF by 31.3% during the third quarter. PFS Partners LLC now owns 8,380 shares of the company’s stock valued at $40,000 after purchasing an additional 2,000 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 2.5% in the second quarter. Evergreen Capital Management LLC now owns 123,040 shares of the company’s stock valued at $297,000 after purchasing an additional 3,000 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of AdvisorShares Pure US Cannabis ETF by 3.1% during the 3rd quarter. Geneos Wealth Management Inc. now owns 116,814 shares of the company’s stock valued at $560,000 after buying an additional 3,500 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of AdvisorShares Pure US Cannabis ETF by 18.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 24,397 shares of the company’s stock valued at $59,000 after buying an additional 3,777 shares in the last quarter. Finally, Black Maple Capital Management LP grew its stake in AdvisorShares Pure US Cannabis ETF by 12.5% in the 2nd quarter. Black Maple Capital Management LP now owns 45,000 shares of the company’s stock valued at $108,000 after buying an additional 5,000 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Company 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.