AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Stock Position Cut by Pura Vida Investments LLC

Pura Vida Investments LLC decreased its holdings in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 53.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 750,000 shares of the company’s stock after selling 873,100 shares during the quarter. AdvisorShares Pure US Cannabis ETF accounts for about 9.0% of Pura Vida Investments LLC’s investment portfolio, making the stock its 3rd largest position. Pura Vida Investments LLC owned approximately 0.65% of AdvisorShares Pure US Cannabis ETF worth $2,858,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSOS. Clear Street Derivatives LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the 3rd quarter valued at approximately $49,437,000. Murchinson Ltd. lifted its stake in AdvisorShares Pure US Cannabis ETF by 18.8% in the third quarter. Murchinson Ltd. now owns 1,899,800 shares of the company’s stock worth $13,619,000 after acquiring an additional 300,800 shares during the period. Rovida Advisors Inc. increased its holdings in AdvisorShares Pure US Cannabis ETF by 400.0% during the fourth quarter. Rovida Advisors Inc. now owns 1,000,000 shares of the company’s stock valued at $3,790,000 after buying an additional 800,000 shares during the period. NewEdge Wealth LLC boosted its position in AdvisorShares Pure US Cannabis ETF by 2,277.9% during the fourth quarter. NewEdge Wealth LLC now owns 853,858 shares of the company’s stock valued at $3,253,000 after purchasing an additional 817,950 shares in the last quarter. Finally, Simplex Trading LLC grew its position in shares of AdvisorShares Pure US Cannabis ETF by 172.3% in the 4th quarter. Simplex Trading LLC now owns 853,495 shares of the company’s stock worth $3,251,000 after buying an additional 540,009 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of MSOS stock opened at $2.63 on Friday. The stock’s 50-day simple moving average is $3.15 and its 200-day simple moving average is $4.59. The firm has a market capitalization of $354.60 million, a price-to-earnings ratio of 12.20 and a beta of 1.30. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $2.40 and a fifty-two week 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.