AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Short Interest Update

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 14,668,526 shares, a growth of 180.5% from the November 30th total of 5,230,066 shares. Based on an average daily volume of 17,265,374 shares, the short-interest ratio is presently 0.8 days. Approximately 7.8% of the company’s stock are short sold. Approximately 7.8% of the company’s stock are short sold. Based on an average daily volume of 17,265,374 shares, the short-interest ratio is presently 0.8 days.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of AdvisorShares Pure US Cannabis ETF stock traded up $0.06 during mid-day trading on Friday, hitting $4.81. 4,107,981 shares of the stock were exchanged, compared to its average volume of 9,016,725. The company has a market capitalization of $905.67 million, a P/E ratio of 12.20 and a beta of 1.20. The company has a 50-day simple moving average of $4.24 and a 200 day simple moving average of $3.98. AdvisorShares Pure US Cannabis ETF has a 12 month low of $2.02 and a 12 month high of $7.25.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

Several large investors have recently made changes to their positions in the business. Turim 21 Investimentos Ltda. boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 1,480.1% in the 3rd quarter. Turim 21 Investimentos Ltda. now owns 21,727 shares of the company’s stock worth $104,000 after buying an additional 20,352 shares during the last quarter. Quarry LP purchased a new position in AdvisorShares Pure US Cannabis ETF in the third quarter valued at about $1,039,000. Prelude Capital Management LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the 3rd quarter valued at approximately $883,000. PenderFund Capital Management Ltd. purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 3rd quarter worth approximately $65,000. Finally, Mariner LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 3rd quarter worth approximately $669,000.

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.