AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Short Interest Update

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 11,522,025 shares, an increase of 28.5% from the December 31st total of 8,969,390 shares. Based on an average daily trading volume, of 6,775,659 shares, the days-to-cover ratio is presently 1.7 days. Currently, 5.9% of the shares of the stock are short sold. Currently, 5.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,775,659 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

A number of large investors have recently bought and sold shares of MSOS. Simplicity Wealth LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at $769,000. Verdence Capital Advisors LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth about $48,000. Hedges Asset Management LLC raised its position in AdvisorShares Pure US Cannabis ETF by 64.1% in the fourth quarter. Hedges Asset Management LLC now owns 128,000 shares of the company’s stock worth $604,000 after acquiring an additional 50,000 shares during the period. Main Street Group LTD purchased a new position in AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at about $49,000. Finally, DAVENPORT & Co LLC boosted its stake in AdvisorShares Pure US Cannabis ETF by 100.0% in the fourth quarter. DAVENPORT & Co LLC now owns 40,000 shares of the company’s stock valued at $189,000 after acquiring an additional 20,000 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Trading Up 1.5%

NYSEARCA:MSOS traded up $0.06 on Monday, hitting $4.09. The company had a trading volume of 3,535,498 shares, compared to its average volume of 6,639,195. The firm has a 50 day moving average of $4.50 and a two-hundred day moving average of $4.40. The stock has a market capitalization of $803.56 million, a price-to-earnings ratio of 12.20 and a beta of 1.20. AdvisorShares Pure US Cannabis ETF has a 52 week low of $2.02 and a 52 week high of $7.25.

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.