AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Up 12% – What’s Next?

Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) shot up 12% during trading on Friday . The stock traded as high as $3.35 and last traded at $3.3950. 3,819,027 shares traded hands during trading, a decline of 52% from the average session volume of 7,879,479 shares. The stock had previously closed at $3.03.

AdvisorShares Pure US Cannabis ETF Price Performance

The stock has a market capitalization of $640.56 million, a price-to-earnings ratio of 12.20 and a beta of 1.20. The business has a fifty day moving average of $4.51 and a 200 day moving average of $3.67.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Foundations Investment Advisors LLC raised its holdings in AdvisorShares Pure US Cannabis ETF by 37.1% in the 1st quarter. Foundations Investment Advisors LLC now owns 27,554 shares of the company’s stock valued at $72,000 after buying an additional 7,459 shares during the period. Monaco Asset Management SAM raised its stake in shares of AdvisorShares Pure US Cannabis ETF by 28.1% in the 1st quarter. Monaco Asset Management SAM now owns 1,025,000 shares of the company’s stock valued at $2,675,000 after acquiring an additional 225,000 shares during the period. Kazazian Asset Management LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF in the 1st quarter worth approximately $1,860,000. Zuckerman Investment Group LLC boosted its position in shares of AdvisorShares Pure US Cannabis ETF by 7.0% during the 1st quarter. Zuckerman Investment Group LLC now owns 152,234 shares of the company’s stock worth $397,000 after purchasing an additional 10,000 shares during the period. Finally, MYDA Advisors LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF in the 1st quarter valued at approximately $130,000.

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.