AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Down 4%

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) shares traded down 4% during trading on Friday . The company traded as low as $7.72 and last traded at $7.72. 666,962 shares traded hands during trading, a decline of 93% from the average session volume of 9,049,143 shares. The stock had previously closed at $8.04.

AdvisorShares Pure US Cannabis ETF Stock Performance

The company has a 50 day simple moving average of $8.41 and a two-hundred day simple moving average of $8.52. The firm has a market cap of $849.55 million, a PE ratio of 12.20 and a beta of 0.77.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Several institutional investors and hedge funds have recently bought and sold shares of MSOS. Jane Street Group LLC grew its position in shares of AdvisorShares Pure US Cannabis ETF by 57.3% during the 1st quarter. Jane Street Group LLC now owns 6,059,388 shares of the company’s stock valued at $60,654,000 after acquiring an additional 2,206,686 shares during the period. JW Asset Management LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at approximately $4,914,000. Eminence Capital LP increased its holdings in shares of AdvisorShares Pure US Cannabis ETF by 11.3% during the 3rd quarter. Eminence Capital LP now owns 6,003,036 shares of the company’s stock worth $47,664,000 after buying an additional 611,574 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 1,812.9% during the 1st quarter. Proficio Capital Partners LLC now owns 562,791 shares of the company’s stock valued at $5,744,000 after buying an additional 533,370 shares during the period. Finally, Monaco Asset Management SAM lifted its holdings in AdvisorShares Pure US Cannabis ETF by 109.1% in the fourth quarter. Monaco Asset Management SAM now owns 670,000 shares of the company’s stock valued at $4,697,000 after acquiring an additional 349,553 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.