AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Up 12.7% – What’s Next?

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) rose 12.7% during mid-day trading on Tuesday . The stock traded as high as $3.56 and last traded at $3.55. Approximately 4,965,113 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 6,192,594 shares. The stock had previously closed at $3.15.

AdvisorShares Pure US Cannabis ETF Price Performance

The firm’s 50-day moving average price is $3.92 and its 200 day moving average price is $4.30. The firm has a market capitalization of $723.01 million, a price-to-earnings ratio of 12.20 and a beta of 1.20.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

A number of large investors have recently bought and sold shares of MSOS. Kestra Advisory Services LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter worth $36,000. PFS Partners LLC boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 31.3% during the third quarter. PFS Partners LLC now owns 8,380 shares of the company’s stock valued at $40,000 after acquiring an additional 2,000 shares during the last quarter. Verdence Capital Advisors LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF during the 4th quarter worth about $48,000. NewEdge Advisors LLC increased its position in 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 worth $49,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Main Street Group LTD acquired a new position in AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at about $49,000.

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.