Murchinson Ltd. Buys Shares of 1,599,000 AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Murchinson Ltd. purchased a new stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,599,000 shares of the company’s stock, valued at approximately $11,721,000. AdvisorShares Pure US Cannabis ETF accounts for 2.2% of Murchinson Ltd.’s investment portfolio, making the stock its 7th biggest holding. Murchinson Ltd. owned about 1.38% of AdvisorShares Pure US Cannabis ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its holdings in AdvisorShares Pure US Cannabis ETF by 517.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 193,524 shares of the company’s stock worth $1,357,000 after purchasing an additional 162,178 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of AdvisorShares Pure US Cannabis ETF by 99.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 51,398 shares of the company’s stock worth $514,000 after acquiring an additional 25,678 shares during the period. Biltmore Family Office LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 145.9% in the fourth quarter. Biltmore Family Office LLC now owns 390,777 shares of the company’s stock valued at $2,739,000 after acquiring an additional 231,887 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of 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 valued at $1,416,000 after acquiring an additional 33,260 shares during the period. Finally, Intrepid Capital Management Inc. increased its stake in shares of AdvisorShares Pure US Cannabis ETF by 439.9% during the fourth quarter. Intrepid Capital Management Inc. now owns 43,193 shares of the company’s stock valued at $303,000 after acquiring an additional 35,193 shares during the period.

AdvisorShares Pure US Cannabis ETF Price Performance

MSOS 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 company has a market capitalization of $814.78 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. The business has a 50 day moving average price of $7.06 and a two-hundred day moving average price of $8.04.

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.