AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Down 4.8% – Here’s What Happened

by · The Markets Daily

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) were down 4.8% during trading on Monday . The stock traded as low as $3.65 and last traded at $3.7050. Approximately 1,823,316 shares were traded during trading, a decline of 77% from the average daily volume of 7,803,025 shares. The stock had previously closed at $3.89.

AdvisorShares Pure US Cannabis ETF Stock Performance

The company has a market capitalization of $671.25 million, a PE ratio of 12.20 and a beta of 1.20. The firm’s 50-day simple moving average is $4.34 and its 200 day simple moving average is $3.75.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MSOS. Ameritas Advisory Services LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter valued at approximately $28,000. Stratos Wealth Partners LTD. acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter worth approximately $29,000. Raymond James Financial Inc. purchased a new position in AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at approximately $30,000. PFS Partners LLC increased its stake in 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 valued at $40,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Gainplan LLC acquired a new position in AdvisorShares Pure US Cannabis ETF during the third quarter worth $55,000.

About AdvisorShares Pure US Cannabis ETF

(Get Free Report)

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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