AdvisorShares Pure US Cannabis ETF Target of Unusually Large Options Trading (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOSGet Free Report) saw unusually large options trading on Monday. Traders bought 75,622 call options on the company. This is an increase of approximately 60% compared to the average volume of 47,335 call options.

AdvisorShares Pure US Cannabis ETF Stock Down 10.0%

AdvisorShares Pure US Cannabis ETF stock opened at $3.77 on Monday. The stock has a 50-day simple moving average of $4.56 and a 200 day simple moving average of $4.50. The stock has a market capitalization of $740.69 million, a price-to-earnings ratio of 12.20 and a beta of 1.20. AdvisorShares Pure US Cannabis ETF has a 12-month low of $2.02 and a 12-month high of $7.25.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Hedge funds have recently modified their holdings of the stock. Stratos Wealth Partners LTD. acquired a new position in AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth $29,000. Raymond James Financial Inc. acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at $30,000. Kestra Advisory Services LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF during the fourth quarter worth $36,000. PFS Partners LLC lifted its stake in shares of AdvisorShares Pure US Cannabis ETF by 31.3% during the third quarter. PFS Partners LLC now owns 8,380 shares of the company’s stock valued at $40,000 after acquiring an additional 2,000 shares during the period. Finally, Verdence Capital Advisors LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at about $48,000.

AdvisorShares Pure US Cannabis ETF Company Profile

(Get Free Report)

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.

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