Clear Street Derivatives LLC Buys New Position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Clear Street Derivatives LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,895,000 shares of the company’s stock, valued at approximately $49,437,000. AdvisorShares Pure US Cannabis ETF comprises approximately 0.8% of Clear Street Derivatives LLC’s investment portfolio, making the stock its 6th largest holding. Clear Street Derivatives LLC owned 5.95% of AdvisorShares Pure US Cannabis ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Raffles Associates LP boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 197.6% during the third quarter. Raffles Associates LP now owns 253,000 shares of the company’s stock worth $1,814,000 after purchasing an additional 168,000 shares during the last quarter. JW Asset Management LLC boosted its stake in AdvisorShares Pure US Cannabis ETF by 31.4% in the 3rd quarter. JW Asset Management LLC now owns 1,093,369 shares of the company’s stock worth $7,839,000 after buying an additional 261,086 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in AdvisorShares Pure US Cannabis ETF in the 3rd quarter valued at about $163,000. Horrell Capital Management Inc. increased its stake in shares of AdvisorShares Pure US Cannabis ETF by 29.2% during the 3rd quarter. Horrell Capital Management Inc. now owns 27,269 shares of the company’s stock valued at $196,000 after acquiring an additional 6,162 shares during the last quarter. Finally, Pallas Capital Advisors LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF during the 3rd quarter worth about $83,000.

AdvisorShares Pure US Cannabis ETF Stock Down 3.0 %

MSOS stock opened at $4.53 on Monday. The company has a market cap of $525.03 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. The business has a fifty day simple moving average of $6.23 and a 200-day simple moving average of $7.00. AdvisorShares Pure US Cannabis ETF has a 52 week low of $4.00 and a 52 week high of $11.36.

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.