AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Down 3.4%

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) shares were down 3.4% during mid-day trading on Monday . The stock traded as low as $8.39 and last traded at $8.48. Approximately 3,604,491 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 8,410,885 shares. The stock had previously closed at $8.78.

AdvisorShares Pure US Cannabis ETF Trading Up 2.7 %

The firm’s 50-day moving average price is $9.07 and its 200 day moving average price is $7.96. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 12.20 and a beta of 1.17.

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Partners LLC raised its holdings in AdvisorShares Pure US Cannabis ETF by 113.0% during the fourth quarter. ORG Partners LLC now owns 3,623 shares of the company’s stock worth $25,000 after buying an additional 1,922 shares during the last quarter. Tsfg LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 1st quarter worth about $31,000. National Bank of Canada FI lifted its position in AdvisorShares Pure US Cannabis ETF by 155.0% in the 4th quarter. National Bank of Canada FI now owns 4,815 shares of the company’s stock valued at $33,000 after acquiring an additional 2,927 shares in the last quarter. Canton Hathaway LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the 4th quarter worth approximately $56,000. Finally, PFS Partners LLC raised its stake in shares of AdvisorShares Pure US Cannabis ETF by 39.3% in the third quarter. PFS Partners LLC now owns 7,210 shares of the company’s stock worth $57,000 after purchasing an additional 2,035 shares during the last quarter.

About AdvisorShares Pure US Cannabis ETF

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.