AdvisorShares Pure US Cannabis ETF Sees Unusually Large Options Volume (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of unusually large options trading on Friday. Traders acquired 37,914 call options on the stock. This is an increase of approximately 82% compared to the typical daily volume of 20,778 call options.

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Heritage Oak Wealth Advisors LLC increased its holdings in AdvisorShares Pure US Cannabis ETF by 10.8% during the first quarter. Heritage Oak Wealth Advisors LLC now owns 44,706 shares of the company’s stock worth $159,000 after buying an additional 4,374 shares during the last quarter. Bogart Wealth LLC raised its position in AdvisorShares Pure US Cannabis ETF by 310.9% in the first quarter. Bogart Wealth LLC now owns 11,895 shares of the company’s stock worth $42,000 after acquiring an additional 9,000 shares during the period. Vigilare Wealth Management grew its position in shares of AdvisorShares Pure US Cannabis ETF by 26.0% during the 2nd quarter. Vigilare Wealth Management now owns 48,500 shares of the company’s stock valued at $246,000 after acquiring an additional 10,000 shares during the period. apricus wealth LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the 1st quarter valued at approximately $36,000. Finally, Janney Montgomery Scott LLC grew its position in shares of AdvisorShares Pure US Cannabis ETF by 17.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 73,905 shares of the company’s stock valued at $262,000 after acquiring an additional 10,775 shares during the period.

AdvisorShares Pure US Cannabis ETF Stock Performance

NYSEARCA:MSOS traded down $0.23 during trading on Friday, reaching $3.89. The company’s stock had a trading volume of 6,258,614 shares, compared to its average volume of 6,584,917. AdvisorShares Pure US Cannabis ETF has a 12 month low of $2.96 and a 12 month high of $7.25. The firm has a market cap of $733.89 million, a price-to-earnings ratio of 12.20 and a beta of 1.41. The firm has a 50 day moving average of $4.75 and a 200-day moving average of $4.63.

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.