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

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) saw unusually large options trading on Thursday. Stock investors bought 27,805 call options on the stock. This represents an increase of 66% compared to the average daily volume of 16,760 call options.

AdvisorShares Pure US Cannabis ETF Stock Up 6.7 %

AdvisorShares Pure US Cannabis ETF stock opened at $2.69 on Friday. The company’s 50-day moving average price is $3.17 and its two-hundred day moving average price is $4.64. The stock has a market cap of $362.69 million, a P/E ratio of 12.20 and a beta of 1.30. AdvisorShares Pure US Cannabis ETF has a twelve month low of $2.40 and a twelve month high of $11.37.

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Raffles Associates LP boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 197.6% in the third quarter. Raffles Associates LP now owns 253,000 shares of the company’s stock valued at $1,814,000 after buying an additional 168,000 shares during the period. Clear Street Derivatives LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 3rd quarter valued at $49,437,000. Murchinson Ltd. grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 18.8% during the 3rd quarter. Murchinson Ltd. now owns 1,899,800 shares of the company’s stock worth $13,619,000 after purchasing an additional 300,800 shares in the last quarter. Barclays PLC increased its position in shares of AdvisorShares Pure US Cannabis ETF by 69.9% in the third quarter. Barclays PLC now owns 42,602 shares of the company’s stock worth $306,000 after purchasing an additional 17,521 shares during the period. Finally, Sender Co & Partners Inc. raised its stake in AdvisorShares Pure US Cannabis ETF by 3,714.9% in the third quarter. Sender Co & Partners Inc. now owns 809,590 shares of the company’s stock valued at $5,805,000 after purchasing an additional 788,368 shares in 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.