AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Stock Price Down 0.5% – Should You Sell?

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) shares fell 0.5% during trading on Monday . The company traded as low as $4.22 and last traded at $4.24. Approximately 2,325,254 shares traded hands during trading, a decline of 68% from the average daily volume of 7,314,882 shares. The stock had previously closed at $4.26.

AdvisorShares Pure US Cannabis ETF Price Performance

The company has a market cap of $860.21 million, a PE ratio of 12.20 and a beta of 1.32. The company has a 50-day moving average price of $4.75 and a two-hundred day moving average price of $4.40.

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

Several hedge funds and other institutional investors have recently bought and sold shares of MSOS. Marex Group plc purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the fourth quarter worth about $32,568,000. Anson Funds Management LP boosted its holdings in AdvisorShares Pure US Cannabis ETF by 58.9% in the first quarter. Anson Funds Management LP now owns 16,330,922 shares of the company’s stock valued at $57,975,000 after purchasing an additional 6,056,223 shares during the last quarter. Suvretta Capital Management LLC boosted its holdings in AdvisorShares Pure US Cannabis ETF by 21.0% in the fourth quarter. Suvretta Capital Management LLC now owns 8,669,600 shares of the company’s stock valued at $40,921,000 after purchasing an additional 1,502,600 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at approximately $5,976,000. Finally, Weiss Asset Management LP acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at approximately $4,470,000.

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.