AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report)’s stock price traded up 8.5% during mid-day trading on Monday. The company traded as high as $4.25 and last traded at $4.2750. Approximately 2,459,478 shares were traded during mid-day trading, a decline of 62% from the average session volume of 6,444,190 shares. The stock had previously closed at $3.94.
AdvisorShares Pure US Cannabis ETF Price Performance
The firm has a market capitalization of $798.25 million, a P/E ratio of 12.20 and a beta of 1.41. The stock has a fifty day simple moving average of $4.62 and a two-hundred day simple moving average of $4.45.
Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF
Several hedge funds and other institutional investors have recently bought and sold shares of MSOS. Bogart Wealth LLC lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 310.9% in the 1st quarter. Bogart Wealth LLC now owns 11,895 shares of the company’s stock worth $42,000 after purchasing an additional 9,000 shares in the last quarter. Value Investment Professionals LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF during the first quarter valued at approximately $47,000. K.J. Harrison & Partners Inc bought a new stake in AdvisorShares Pure US Cannabis ETF during the first quarter worth $95,000. Horrell Capital Management Inc. grew its holdings in AdvisorShares Pure US Cannabis ETF by 34.9% during the first quarter. Horrell Capital Management Inc. now owns 42,507 shares of the company’s stock worth $145,000 after buying an additional 11,000 shares in the last quarter. Finally, Vigilare Wealth Management grew its holdings in AdvisorShares Pure US Cannabis ETF by 26.0% during the second quarter. Vigilare Wealth Management now owns 48,500 shares of the company’s stock worth $246,000 after buying an additional 10,000 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.
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