AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report)’s share price traded up 11.1% during trading on Monday . The company traded as high as $4.63 and last traded at $4.6670. 9,031,171 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 7,778,438 shares. The stock had previously closed at $4.20.
AdvisorShares Pure US Cannabis ETF Stock Up 11.4%
The stock has a market cap of $881.20 million, a P/E ratio of 12.20 and a beta of 1.20. The firm’s 50 day simple moving average is $4.72 and its two-hundred day simple moving average is $3.63.
Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF
Institutional investors and hedge funds have recently bought and sold shares of the business. LJI Wealth Management LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the first quarter worth about $27,000. Ameritas Advisory Services LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth approximately $28,000. Stratos Wealth Partners LTD. acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth approximately $29,000. Raymond James Financial Inc. bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter worth approximately $30,000. Finally, PFS Partners LLC lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 31.3% in the 3rd quarter. PFS Partners LLC now owns 8,380 shares of the company’s stock worth $40,000 after purchasing an additional 2,000 shares during the last quarter.
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.
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