AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Stock Price Down 6.5% – Should You Sell?

Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) traded down 6.5% on Monday . The stock traded as low as $4.49 and last traded at $4.4950. 2,653,004 shares were traded during trading, a decline of 70% from the average session volume of 8,988,142 shares. The stock had previously closed at $4.81.

AdvisorShares Pure US Cannabis ETF Stock Performance

The company has a fifty day moving average price of $4.23 and a two-hundred day moving average price of $4.04. The company has a market cap of $891.55 million, a P/E ratio of 12.20 and a beta of 1.20.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Ameritas Advisory Services LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF during the second quarter worth about $28,000. Stratos Wealth Partners LTD. purchased a new position in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter valued at $29,000. Raymond James Financial Inc. bought a new position in AdvisorShares Pure US Cannabis ETF in the 2nd quarter worth about $30,000. PFS Partners LLC grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 31.3% in the third quarter. PFS Partners LLC now owns 8,380 shares of the company’s stock worth $40,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Gainplan LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the 3rd quarter valued at about $55,000.

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.