Raffles Associates LP Buys Shares of 85,000 AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Raffles Associates LP bought a new stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 85,000 shares of the company’s stock, valued at approximately $623,000. Raffles Associates LP owned approximately 0.07% of AdvisorShares Pure US Cannabis ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. 272 Capital LP acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth about $277,000. Murchinson Ltd. bought a new position in AdvisorShares Pure US Cannabis ETF during the second quarter worth about $11,721,000. Herr Investment Group LLC acquired a new position in AdvisorShares Pure US Cannabis ETF during the second quarter worth approximately $550,000. Cedar Wealth Management LLC raised its stake in AdvisorShares Pure US Cannabis ETF by 79.0% in the second quarter. Cedar Wealth Management LLC now owns 64,464 shares of the company’s stock valued at $473,000 after buying an additional 28,453 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of AdvisorShares Pure US Cannabis ETF by 88.0% in the second quarter. Thompson Siegel & Walmsley LLC now owns 64,117 shares of the company’s stock valued at $470,000 after buying an additional 30,010 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Trading Up 5.1 %

MSOS stock opened at $7.03 on Tuesday. AdvisorShares Pure US Cannabis ETF has a 1-year low of $4.92 and a 1-year high of $11.36. The business’s 50 day simple moving average is $7.06 and its 200 day simple moving average is $8.04. The firm has a market capitalization of $814.78 million, a PE ratio of 12.20 and a beta of 0.77.

AdvisorShares Pure US Cannabis ETF 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.