AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) gapped down prior to trading on Wednesday. The stock had previously closed at $5.09, but opened at $4.75. AdvisorShares Pure US Cannabis ETF shares last traded at $4.6590, with a volume of 2,068,951 shares changing hands.
AdvisorShares Pure US Cannabis ETF Price Performance
The company has a market cap of $891.24 million, a PE ratio of 12.20 and a beta of 1.38. The firm has a 50-day simple moving average of $4.73 and a two-hundred day simple moving average of $4.58.
Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Heritage Oak Wealth Advisors LLC raised its holdings in shares of AdvisorShares Pure US Cannabis ETF by 10.8% during the first quarter. Heritage Oak Wealth Advisors LLC now owns 44,706 shares of the company’s stock valued at $159,000 after acquiring an additional 4,374 shares during the period. Bogart Wealth LLC raised its position in AdvisorShares Pure US Cannabis ETF by 310.9% during the first quarter. Bogart Wealth LLC now owns 11,895 shares of the company’s stock valued at $42,000 after buying an additional 9,000 shares during the period. apricus wealth LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF in the 1st quarter worth about $36,000. Vigilare Wealth Management lifted its stake in AdvisorShares Pure US Cannabis ETF by 26.0% in the 2nd quarter. Vigilare Wealth Management now owns 48,500 shares of the company’s stock worth $246,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in AdvisorShares Pure US Cannabis ETF by 17.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 73,905 shares of the company’s stock worth $262,000 after acquiring an additional 10,775 shares during the period.
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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