AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Trading 11.8% Higher – What’s Next?

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) shares traded up 11.8% during mid-day trading on Tuesday . The company traded as high as $6.00 and last traded at $5.9830. 6,886,517 shares changed hands during trading, a decline of 17% from the average session volume of 8,279,050 shares. The stock had previously closed at $5.35.

AdvisorShares Pure US Cannabis ETF Stock Up 11.9%

The business has a 50-day moving average price of $4.24 and a 200-day moving average price of $3.82. The firm has a market capitalization of $1.13 billion, a P/E ratio of 12.20 and a beta of 1.20.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. acquired a new position in AdvisorShares Pure US Cannabis ETF during the second quarter worth $29,000. Evergreen Capital Management LLC boosted its position in AdvisorShares Pure US Cannabis ETF by 65.0% in the first 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 in the last quarter. Monaco Asset Management SAM grew its position in AdvisorShares Pure US Cannabis ETF by 9.8% during the 2nd quarter. Monaco Asset Management SAM now owns 1,125,000 shares of the company’s stock worth $2,711,000 after acquiring an additional 100,000 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in AdvisorShares Pure US Cannabis ETF by 29.4% during the 2nd quarter. Bleakley Financial Group LLC now owns 578,445 shares of the company’s stock valued at $1,394,000 after purchasing an additional 131,510 shares in the last quarter. Finally, Graham Capital Management L.P. raised its position in 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 purchasing an additional 1,129,753 shares during the last quarter.

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.