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

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of unusually large options trading activity on Tuesday. Stock traders purchased 81,775 call options on the stock. This is an increase of approximately 135% compared to the average volume of 34,793 call options.

AdvisorShares Pure US Cannabis ETF Trading Down 13.4 %

MSOS stock traded down $0.94 during trading on Tuesday, reaching $6.10. The stock had a trading volume of 18,281,435 shares, compared to its average volume of 9,216,006. The firm has a fifty day moving average price of $7.33 and a 200 day moving average price of $8.32. The company has a market capitalization of $706.99 million, a P/E ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a 1-year low of $4.79 and a 1-year high of $11.36.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. 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. Monaco Asset Management SAM raised its stake in shares of AdvisorShares Pure US Cannabis ETF by 109.1% in the 4th quarter. Monaco Asset Management SAM now owns 670,000 shares of the company’s stock valued at $4,697,000 after purchasing an additional 349,553 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in AdvisorShares Pure US Cannabis ETF in the fourth quarter worth about $167,000. Janney Montgomery Scott LLC increased its holdings in AdvisorShares Pure US Cannabis ETF by 517.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 193,524 shares of the company’s stock valued at $1,357,000 after buying an additional 162,178 shares during the last quarter. Finally, Anthracite Investment Company Inc. acquired a new stake in AdvisorShares Pure US Cannabis ETF during the fourth quarter valued at approximately $1,461,000.

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.