Horrell Capital Management Inc. Decreases Position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Horrell Capital Management Inc. trimmed its position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 17.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,448 shares of the company’s stock after selling 4,821 shares during the period. Horrell Capital Management Inc.’s holdings in AdvisorShares Pure US Cannabis ETF were worth $86,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Clear Street Derivatives LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the third quarter valued at about $49,437,000. NewEdge Wealth LLC raised its holdings in AdvisorShares Pure US Cannabis ETF by 2,277.9% in the 4th quarter. NewEdge Wealth LLC now owns 853,858 shares of the company’s stock valued at $3,253,000 after acquiring an additional 817,950 shares during the last quarter. Sender Co & Partners Inc. lifted its stake in AdvisorShares Pure US Cannabis ETF by 3,714.9% in the 3rd quarter. Sender Co & Partners Inc. now owns 809,590 shares of the company’s stock worth $5,805,000 after purchasing an additional 788,368 shares in the last quarter. Monaco Asset Management SAM boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 229.6% during the 4th quarter. Monaco Asset Management SAM now owns 800,000 shares of the company’s stock worth $3,048,000 after purchasing an additional 557,288 shares during the last quarter. Finally, Simplex Trading LLC grew its position in shares of AdvisorShares Pure US Cannabis ETF by 172.3% in the fourth quarter. Simplex Trading LLC now owns 853,495 shares of the company’s stock valued at $3,251,000 after purchasing an additional 540,009 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of AdvisorShares Pure US Cannabis ETF stock opened at $2.62 on Monday. The business’s 50 day moving average price is $3.24 and its 200 day moving average price is $4.72. The company has a market cap of $353.25 million, a price-to-earnings ratio of 12.20 and a beta of 1.30. AdvisorShares Pure US Cannabis ETF has a one year low of $2.62 and a one year high of $11.37.

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.