AdvisorShares Pure US Cannabis ETF Target of Unusually Large Options Trading (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of unusually large options trading on Wednesday. Investors purchased 54,977 call options on the stock. This represents an increase of 93% compared to the typical volume of 28,453 call options.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Several large investors have recently made changes to their positions in MSOS. Marex Group plc purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter worth about $32,568,000. Anson Funds Management LP increased its position in shares of AdvisorShares Pure US Cannabis ETF by 58.9% during the first quarter. Anson Funds Management LP now owns 16,330,922 shares of the company’s stock worth $57,975,000 after purchasing an additional 6,056,223 shares in the last quarter. Suvretta Capital Management LLC grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 21.0% during the fourth 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 in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at about $5,976,000. Finally, Weiss Asset Management LP purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter worth about $4,470,000.

AdvisorShares Pure US Cannabis ETF Stock Performance

NYSEARCA MSOS traded up $0.17 during trading hours on Wednesday, reaching $4.69. The stock had a trading volume of 2,369,557 shares, compared to its average volume of 6,959,919. The stock has a fifty day moving average of $4.58 and a 200 day moving average of $4.36. The stock has a market cap of $942.13 million, a P/E ratio of 12.20 and a beta of 1.34. AdvisorShares Pure US Cannabis ETF has a 52-week low of $2.96 and a 52-week 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.