AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Stock Price Down 7.9% – What’s Next?

Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) dropped 7.9% during trading on Friday . The company traded as low as $3.83 and last traded at $3.8590. Approximately 3,641,328 shares traded hands during trading, a decline of 40% from the average daily volume of 6,047,673 shares. The stock had previously closed at $4.19.

AdvisorShares Pure US Cannabis ETF Stock Performance

The company’s fifty day simple moving average is $4.60 and its two-hundred day simple moving average is $4.49. The stock has a market capitalization of $740.69 million, a P/E ratio of 12.20 and a beta of 1.20.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

A number of large investors have recently bought and sold shares of MSOS. Kestra Advisory Services LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at about $36,000. PFS Partners LLC grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 31.3% during the 3rd quarter. PFS Partners LLC now owns 8,380 shares of the company’s stock valued at $40,000 after purchasing an additional 2,000 shares during the last quarter. Verdence Capital Advisors LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at approximately $48,000. NewEdge Advisors LLC increased its position in AdvisorShares Pure US Cannabis ETF by 2,857.1% during the 4th quarter. NewEdge Advisors LLC now owns 10,350 shares of the company’s stock worth $49,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Main Street Group LTD bought a new position in AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at approximately $49,000.

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.