AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Short Interest Update

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 8,969,390 shares, a drop of 38.9% from the December 15th total of 14,668,526 shares. Based on an average daily volume of 24,704,443 shares, the days-to-cover ratio is currently 0.4 days. Approximately 4.6% of the shares of the stock are sold short. Approximately 4.6% of the shares of the stock are sold short. Based on an average daily volume of 24,704,443 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Several large investors have recently added to or reduced their stakes in MSOS. Heritage Oak Wealth Advisors LLC grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 23.2% in the second quarter. Heritage Oak Wealth Advisors LLC now owns 53,641 shares of the company’s stock valued at $129,000 after purchasing an additional 10,101 shares during the period. A. D. Beadell Investment Counsel Inc. purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at approximately $197,000. Truist Financial Corp increased its holdings in shares of AdvisorShares Pure US Cannabis ETF by 118.1% during the 2nd quarter. Truist Financial Corp now owns 63,131 shares of the company’s stock worth $152,000 after buying an additional 34,179 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter valued at approximately $28,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter valued at approximately $29,000.

AdvisorShares Pure US Cannabis ETF Stock Down 2.5%

Shares of AdvisorShares Pure US Cannabis ETF stock traded down $0.12 on Friday, hitting $4.77. 5,822,160 shares of the company were exchanged, compared to its average volume of 6,688,819. The company has a 50-day moving average price of $4.32 and a 200 day moving average price of $4.25. The stock has a market capitalization of $937.16 million, a price-to-earnings ratio of 12.20 and a beta of 1.20. AdvisorShares Pure US Cannabis ETF has a 1-year low of $2.02 and a 1-year 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.