Traders Buy High Volume of Call Options on AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 33,183 call options on the company. This represents an increase of approximately 46% compared to the typical volume of 22,787 call options.

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

Several large investors have recently bought and sold shares of MSOS. Sequoia Financial Advisors LLC raised its holdings in shares of AdvisorShares Pure US Cannabis ETF by 99.8% in the first quarter. Sequoia Financial Advisors LLC now owns 51,398 shares of the company’s stock valued at $514,000 after buying an additional 25,678 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in AdvisorShares Pure US Cannabis ETF by 30.7% during the first quarter. Geneos Wealth Management Inc. now owns 141,504 shares of the company’s stock worth $1,416,000 after purchasing an additional 33,260 shares in the last quarter. Tidal Investments LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the first quarter worth about $1,875,000. Murchinson Ltd. purchased a new position in AdvisorShares Pure US Cannabis ETF during the second quarter worth about $11,721,000. Finally, Wealthspire Advisors LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the first quarter worth about $152,000.

AdvisorShares Pure US Cannabis ETF Price Performance

NYSEARCA MSOS opened at $7.80 on Thursday. AdvisorShares Pure US Cannabis ETF has a 1 year low of $4.92 and a 1 year high of $11.36. The company has a market capitalization of $904.02 million, a PE ratio of 12.20 and a beta of 0.77. The company has a fifty day moving average of $6.93 and a two-hundred day moving average of $7.72.

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.