Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) shot up 4.6% on Wednesday . The company traded as high as $9.38 and last traded at $9.37. 4,859,992 shares changed hands during trading, a decline of 42% from the average session volume of 8,392,180 shares. The stock had previously closed at $8.96.
AdvisorShares Pure US Cannabis ETF Price Performance
The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 12.20 and a beta of 1.17. The business’s 50-day simple moving average is $9.12 and its two-hundred day simple moving average is $7.87.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of MSOS. ORG Partners LLC raised its stake in shares of AdvisorShares Pure US Cannabis ETF by 113.0% during the fourth quarter. ORG Partners LLC now owns 3,623 shares of the company’s stock valued at $25,000 after purchasing an additional 1,922 shares during the period. Tsfg LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the first quarter worth $31,000. National Bank of Canada FI increased its stake in shares of AdvisorShares Pure US Cannabis ETF by 155.0% in the fourth quarter. National Bank of Canada FI now owns 4,815 shares of the company’s stock worth $33,000 after buying an additional 2,927 shares during the last quarter. Compass Wealth Management LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter worth $45,000. Finally, Canton Hathaway LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter worth $56,000.
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.
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