Short Interest in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Expands By 17.1%

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 13,777,181 shares, a growth of 17.1% from the February 12th total of 11,760,942 shares. Approximately 7.0% of the company’s stock are short sold. Based on an average daily volume of 6,190,609 shares, the short-interest ratio is currently 2.2 days. Based on an average daily volume of 6,190,609 shares, the short-interest ratio is currently 2.2 days. Approximately 7.0% of the company’s stock are short sold.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Several institutional investors and hedge funds have recently bought and sold shares of MSOS. Corient Private Wealth LLC lifted its holdings in AdvisorShares Pure US Cannabis ETF by 96.5% during the 4th quarter. Corient Private Wealth LLC now owns 72,946 shares of the company’s stock worth $344,000 after buying an additional 35,825 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at approximately $119,000. Vermillion & White Wealth Management Group LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 25.6% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 29,465 shares of the company’s stock valued at $139,000 after acquiring an additional 6,000 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 2,857.1% during the 4th quarter. NewEdge Advisors LLC now owns 10,350 shares of the company’s stock valued at $49,000 after acquiring an additional 10,000 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth $149,000.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of AdvisorShares Pure US Cannabis ETF stock opened at $3.81 on Tuesday. AdvisorShares Pure US Cannabis ETF has a 1 year low of $2.02 and a 1 year high of $7.25. The firm’s 50-day simple moving average is $4.19 and its 200-day simple moving average is $4.39. The firm has a market cap of $748.55 million, a PE ratio of 12.20 and a beta of 1.20.

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.