AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Stock Price Up 4.5%

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) rose 4.5% on Monday . The company traded as high as $7.02 and last traded at $6.99. Approximately 7,241,774 shares traded hands during trading, a decline of 21% from the average daily volume of 9,146,111 shares. The stock had previously closed at $6.69.

AdvisorShares Pure US Cannabis ETF Trading Up 4.9 %

The business has a 50 day simple moving average of $7.07 and a two-hundred day simple moving average of $8.04. The stock has a market cap of $813.62 million, a price-to-earnings ratio of 12.20 and a beta of 0.77.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

A number of hedge funds have recently bought and sold shares of MSOS. Truist Financial Corp lifted its holdings in AdvisorShares Pure US Cannabis ETF by 8.3% during the 2nd quarter. Truist Financial Corp now owns 37,728 shares of the company’s stock worth $277,000 after buying an additional 2,906 shares during the last quarter. PCG Wealth Advisors LLC lifted its holdings in AdvisorShares Pure US Cannabis ETF by 9.6% during the 1st quarter. PCG Wealth Advisors LLC now owns 34,773 shares of the company’s stock worth $348,000 after buying an additional 3,052 shares during the last quarter. Tsfg LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the 1st quarter worth approximately $31,000. Powell Investment Advisors LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the 1st quarter worth approximately $58,000. Finally, Equitable Trust Co. lifted its holdings in AdvisorShares Pure US Cannabis ETF by 7.6% during the 1st quarter. Equitable Trust Co. now owns 88,936 shares of the company’s stock worth $890,000 after buying an additional 6,250 shares during the last quarter.

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.