Stock Traders Buy High Volume of Call Options on AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of unusually large options trading on Wednesday. Stock investors acquired 54,977 call options on the stock. This represents an increase of 93% compared to the typical daily volume of 28,453 call options.

AdvisorShares Pure US Cannabis ETF Price Performance

Shares of NYSEARCA:MSOS traded up $0.17 during midday trading on Wednesday, hitting $4.69. The company had a trading volume of 2,369,557 shares, compared to its average volume of 6,959,919. AdvisorShares Pure US Cannabis ETF has a twelve month low of $2.96 and a twelve month high of $7.25. The stock has a market cap of $942.13 million, a price-to-earnings ratio of 12.20 and a beta of 1.34. The business’s 50-day simple moving average is $4.58 and its 200-day simple moving average is $4.36.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Marex Group plc purchased a new position in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter worth $32,568,000. Anson Funds Management LP grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 58.9% in the first quarter. Anson Funds Management LP now owns 16,330,922 shares of the company’s stock valued at $57,975,000 after purchasing an additional 6,056,223 shares during the period. Suvretta Capital Management LLC grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 21.0% in the fourth quarter. Suvretta Capital Management LLC now owns 8,669,600 shares of the company’s stock valued at $40,921,000 after purchasing an additional 1,502,600 shares during the period. Kingsview Wealth Management LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth about $5,976,000. Finally, Weiss Asset Management LP acquired a new stake in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth about $4,470,000.

AdvisorShares Pure US Cannabis ETF Company Profile

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.