Stock Traders Buy High Volume of AdvisorShares Pure US Cannabis ETF Call Options (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of some unusual options trading activity on Monday. Stock traders purchased 75,622 call options on the stock. This represents an increase of 60% compared to the average daily volume of 47,335 call options.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Large investors have recently made changes to their positions in the stock. Suvretta Capital Management LLC boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 21.0% in the 4th quarter. Suvretta Capital Management LLC now owns 8,669,600 shares of the company’s stock worth $40,921,000 after buying an additional 1,502,600 shares during the last quarter. Marex Group plc bought a new position in AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at about $32,568,000. Clear Street Group Inc. purchased a new position in AdvisorShares Pure US Cannabis ETF in the third quarter worth about $32,633,000. AdvisorShares Investments LLC boosted its position in AdvisorShares Pure US Cannabis ETF by 8.0% in the fourth quarter. AdvisorShares Investments LLC now owns 4,060,551 shares of the company’s stock worth $19,166,000 after purchasing an additional 300,958 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at about $5,976,000.

AdvisorShares Pure US Cannabis ETF Trading Down 10.0%

Shares of NYSEARCA:MSOS opened at $3.77 on Monday. The stock has a fifty day simple moving average of $4.56 and a two-hundred day simple moving average of $4.50. The stock has a market capitalization of $740.69 million, a price-to-earnings ratio of 12.20 and a beta of 1.20. AdvisorShares Pure US Cannabis ETF has a 12-month low of $2.02 and a 12-month high of $7.25.

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.