AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Gap Up – Time to Buy?

by · The Markets Daily

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $3.76, but opened at $5.06. AdvisorShares Pure US Cannabis ETF shares last traded at $4.7620, with a volume of 14,854,796 shares trading hands.

AdvisorShares Pure US Cannabis ETF Stock Up 37.4%

The stock has a market cap of $972.52 million, a P/E ratio of 12.20 and a beta of 1.20. The firm’s 50-day moving average is $4.23 and its two-hundred day moving average is $3.76.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

A number of large investors have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. acquired a new position in AdvisorShares Pure US Cannabis ETF in the second quarter worth about $29,000. Evergreen Capital Management LLC boosted its stake in AdvisorShares Pure US Cannabis ETF by 65.0% in the 1st quarter. Evergreen Capital Management LLC now owns 120,040 shares of the company’s stock valued at $313,000 after buying an additional 47,300 shares in the last quarter. Monaco Asset Management SAM grew its position in AdvisorShares Pure US Cannabis ETF by 9.8% in the second quarter. Monaco Asset Management SAM now owns 1,125,000 shares of the company’s stock valued at $2,711,000 after acquiring an additional 100,000 shares during the period. Bleakley Financial Group LLC raised its stake in AdvisorShares Pure US Cannabis ETF by 29.4% during the second quarter. Bleakley Financial Group LLC now owns 578,445 shares of the company’s stock worth $1,394,000 after acquiring an additional 131,510 shares in the last quarter. Finally, Graham Capital Management L.P. lifted its holdings in AdvisorShares Pure US Cannabis ETF by 2,429.6% during the 1st quarter. Graham Capital Management L.P. now owns 1,176,253 shares of the company’s stock valued at $3,070,000 after purchasing an additional 1,129,753 shares during the last quarter.

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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