Stock Traders Purchase Large Volume of Call Options on AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of some unusual options trading on Wednesday. Stock investors acquired 33,367 call options on the stock. This represents an increase of 48% compared to the average daily volume of 22,546 call options.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MSOS. Intrepid Capital Management Inc. lifted its stake in shares of AdvisorShares Pure US Cannabis ETF by 466.7% in the fourth quarter. Intrepid Capital Management Inc. now owns 216,750 shares of the company’s stock worth $1,023,000 after buying an additional 178,500 shares in the last quarter. Eschler Asset Management LLP increased its position in shares of AdvisorShares Pure US Cannabis ETF by 243.8% during the fourth quarter. Eschler Asset Management LLP now owns 296,784 shares of the company’s stock valued at $1,401,000 after acquiring an additional 210,456 shares in the last quarter. AdvisorShares Investments LLC raised its holdings in AdvisorShares Pure US Cannabis ETF by 2.8% in the 1st quarter. AdvisorShares Investments LLC now owns 4,173,764 shares of the company’s stock worth $14,817,000 after acquiring an additional 113,213 shares during the last quarter. Renaissance Technologies LLC purchased a new position in AdvisorShares Pure US Cannabis ETF in the 1st quarter worth approximately $420,000. Finally, Anson Funds Management LP lifted its position in AdvisorShares Pure US Cannabis ETF by 58.9% in the 1st quarter. Anson Funds Management LP now owns 16,330,922 shares of the company’s stock valued at $57,975,000 after acquiring an additional 6,056,223 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of MSOS traded down $0.57 during trading hours on Wednesday, hitting $4.52. The company had a trading volume of 20,129,844 shares, compared to its average volume of 6,714,455. The stock has a market capitalization of $890.26 million, a price-to-earnings ratio of 12.20 and a beta of 1.38. The firm has a fifty day moving average price of $4.73 and a 200-day moving average price of $4.58. AdvisorShares Pure US Cannabis ETF has a 52-week low of $2.96 and a 52-week high of $7.25.

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.