AdvisorShares Pure US Cannabis ETF $MSOS Shares Sold by Clear Street Group Inc.

Clear Street Group Inc. lowered its holdings in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 69.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,062,632 shares of the company’s stock after selling 4,750,000 shares during the period. Clear Street Group Inc. owned approximately 1.05% of AdvisorShares Pure US Cannabis ETF worth $9,736,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSOS. Suvretta Capital Management LLC acquired a new position in AdvisorShares Pure US Cannabis ETF during the 3rd quarter worth approximately $34,330,000. Marex Group plc acquired a new position in AdvisorShares Pure US Cannabis ETF during the 4th quarter worth approximately $32,568,000. Kingsview Wealth Management LLC acquired a new position in AdvisorShares Pure US Cannabis ETF during the 4th quarter worth approximately $5,976,000. Group One Trading LLC grew its holdings in AdvisorShares Pure US Cannabis ETF by 153.4% during the 2nd quarter. Group One Trading LLC now owns 1,264,841 shares of the company’s stock worth $3,048,000 after acquiring an additional 765,690 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in AdvisorShares Pure US Cannabis ETF by 986.6% during the 2nd quarter. Jane Street Group LLC now owns 550,600 shares of the company’s stock worth $1,327,000 after acquiring an additional 612,700 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Down 4.4%

NYSEARCA MSOS opened at $5.04 on Friday. AdvisorShares Pure US Cannabis ETF has a 52 week low of $2.06 and a 52 week high of $7.25. The stock has a market capitalization of $1.05 billion, a PE ratio of 12.20 and a beta of 1.32. The firm has a 50 day moving average of $4.66 and a two-hundred day moving average of $4.35.

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.