AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Stock Sees Unusually High Call Option Buying

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) saw unusually large options trading activity on Monday. Investors bought 100,327 call options on the stock. This is an increase of approximately 371% compared to the typical volume of 21,308 call options.

AdvisorShares Pure US Cannabis ETF Trading Up 8.2%

AdvisorShares Pure US Cannabis ETF stock traded up $0.33 during midday trading on Monday, reaching $4.26. The stock had a trading volume of 3,147,617 shares, compared to its average volume of 6,449,210. AdvisorShares Pure US Cannabis ETF has a 12 month low of $2.96 and a 12 month high of $7.25. The company has a market capitalization of $790.65 million, a P/E ratio of 12.20 and a beta of 1.41. The company has a fifty day moving average price of $4.62 and a two-hundred day moving average price of $4.45.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MSOS. Compass Financial Management LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at $3,272,000. Worth Asset Management LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the second quarter valued at $295,000. Vigilare Wealth Management lifted its holdings in AdvisorShares Pure US Cannabis ETF by 26.0% during the second quarter. Vigilare Wealth Management now owns 48,500 shares of the company’s stock valued at $246,000 after purchasing an additional 10,000 shares during the last quarter. Anson Funds Management LP boosted its holdings 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 worth $57,975,000 after buying an additional 6,056,223 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the 1st quarter valued at $420,000.

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.