AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Stock Sees Heavy Call Option Buying

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of unusually large options trading on Monday. Traders bought 100,327 call options on the stock. This represents an increase of 371% compared to the typical volume of 21,308 call options.

AdvisorShares Pure US Cannabis ETF Price Performance

NYSEARCA MSOS traded up $0.35 during trading on Tuesday, reaching $4.55. The company’s stock had a trading volume of 1,165,656 shares, compared to its average volume of 6,458,208. The stock has a market capitalization of $843.66 million, a PE ratio of 12.20 and a beta of 1.41. The firm has a fifty day moving average of $4.60 and a 200 day moving average of $4.44. AdvisorShares Pure US Cannabis ETF has a one year low of $2.96 and a one year high of $7.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MSOS. Compass Financial Management LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the second quarter valued at approximately $3,272,000. Worth Asset Management LLC purchased a new position in AdvisorShares Pure US Cannabis ETF in the 2nd quarter worth approximately $295,000. Vigilare Wealth Management increased its holdings in shares of AdvisorShares Pure US Cannabis ETF by 26.0% in the 2nd quarter. Vigilare Wealth Management now owns 48,500 shares of the company’s stock worth $246,000 after buying an additional 10,000 shares during the last quarter. Anson Funds Management LP increased its holdings in shares of AdvisorShares Pure US Cannabis ETF by 58.9% in the 1st quarter. Anson Funds Management LP now owns 16,330,922 shares of the company’s stock worth $57,975,000 after buying an additional 6,056,223 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF in the 1st quarter worth $420,000.

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.