AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Short Interest Up 28.5% in January

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 11,522,025 shares, a growth of 28.5% from the December 31st total of 8,969,390 shares. Approximately 5.9% of the shares of the company are sold short. Based on an average daily volume of 6,775,659 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 6,775,659 shares, the days-to-cover ratio is currently 1.7 days. Approximately 5.9% of the shares of the company are sold short.

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

Several institutional investors and hedge funds have recently made changes to their positions in MSOS. Suvretta Capital Management LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 3rd quarter worth approximately $34,330,000. Clear Street Group Inc. bought a new position in AdvisorShares Pure US Cannabis ETF during the 3rd quarter worth $32,633,000. Group One Trading LLC lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 153.4% during the second quarter. Group One Trading LLC now owns 1,264,841 shares of the company’s stock worth $3,048,000 after buying an additional 765,690 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 986.6% during the second quarter. Jane Street Group LLC now owns 550,600 shares of the company’s stock worth $1,327,000 after buying an additional 612,700 shares in the last quarter. Finally, AdvisorShares Investments LLC boosted its position in shares of AdvisorShares Pure US Cannabis ETF by 15.3% in the third quarter. AdvisorShares Investments LLC now owns 3,759,593 shares of the company’s stock valued at $18,008,000 after acquiring an additional 500,100 shares during the period.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of MSOS stock opened at $4.17 on Wednesday. AdvisorShares Pure US Cannabis ETF has a 52 week low of $2.02 and a 52 week high of $7.25. The company has a market capitalization of $819.28 million, a price-to-earnings ratio of 12.20 and a beta of 1.20. The company has a 50-day simple moving average of $4.51 and a 200 day simple moving average of $4.41.

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.