Clear Street Group Inc. decreased its stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Free Report) by 69.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,062,632 shares of the company’s stock after selling 4,750,000 shares during the period. Clear Street Group Inc.’s holdings in AdvisorShares Pure US Cannabis ETF were worth $9,736,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of MSOS. Suvretta Capital Management LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF in the 3rd quarter valued at $34,330,000. Marex Group plc acquired a new position in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at $32,568,000. Kingsview Wealth Management LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at $5,976,000. Group One Trading LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 153.4% in the 2nd quarter. Group One Trading LLC now owns 1,264,841 shares of the company’s stock valued at $3,048,000 after buying an additional 765,690 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 986.6% in the 2nd quarter. Jane Street Group LLC now owns 550,600 shares of the company’s stock valued at $1,327,000 after buying an additional 612,700 shares in the last quarter.
AdvisorShares Pure US Cannabis ETF Trading Down 4.4%
Shares of AdvisorShares Pure US Cannabis ETF stock opened at $5.04 on Friday. The company has a fifty day simple moving average of $4.66 and a 200-day simple moving average of $4.35. AdvisorShares Pure US Cannabis ETF has a 12-month low of $2.06 and a 12-month high of $7.25. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 12.20 and a beta of 1.32.
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.
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