AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Up 7.3% – What’s Next?

Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) shot up 7.3% on Monday . The stock traded as high as $3.68 and last traded at $3.7340. 2,611,900 shares changed hands during trading, a decline of 67% from the average session volume of 7,837,157 shares. The stock had previously closed at $3.48.

AdvisorShares Pure US Cannabis ETF Stock Performance

The firm has a market capitalization of $724.92 million, a price-to-earnings ratio of 12.20 and a beta of 1.20. The business has a fifty day moving average price of $4.40 and a 200 day moving average price of $3.71.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Stratos Wealth Partners LTD. bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth approximately $29,000. Evergreen Capital Management LLC grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 65.0% in the 1st quarter. Evergreen Capital Management LLC now owns 120,040 shares of the company’s stock valued at $313,000 after buying an additional 47,300 shares during the period. Monaco Asset Management SAM lifted its stake in AdvisorShares Pure US Cannabis ETF by 9.8% in the second quarter. Monaco Asset Management SAM now owns 1,125,000 shares of the company’s stock valued at $2,711,000 after buying an additional 100,000 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in AdvisorShares Pure US Cannabis ETF by 29.4% in the 2nd quarter. Bleakley Financial Group LLC now owns 578,445 shares of the company’s stock valued at $1,394,000 after acquiring an additional 131,510 shares in the last quarter. Finally, Graham Capital Management L.P. grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 2,429.6% in the 1st quarter. Graham Capital Management L.P. now owns 1,176,253 shares of the company’s stock valued at $3,070,000 after acquiring an additional 1,129,753 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.