AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Gap Down to $7.02

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $7.02, but opened at $6.85. AdvisorShares Pure US Cannabis ETF shares last traded at $7.06, with a volume of 406,303 shares.

AdvisorShares Pure US Cannabis ETF Stock Up 3.6 %

The company’s fifty day moving average price is $7.06 and its two-hundred day moving average price is $8.04. The company has a market cap of $842.59 million, a price-to-earnings ratio of 12.20 and a beta of 0.77.

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

Large investors have recently modified their holdings of the stock. Tsfg LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 1st quarter valued at approximately $31,000. Powell Investment Advisors LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 1st quarter worth $58,000. Flagship Private Wealth LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the second quarter worth about $76,000. Sanctuary Advisors LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the second quarter valued at about $79,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at about $112,000.

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.