Murchinson Ltd. Takes $11.72 Million Position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Murchinson Ltd. purchased a new stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,599,000 shares of the company’s stock, valued at approximately $11,721,000. AdvisorShares Pure US Cannabis ETF comprises 1.8% of Murchinson Ltd.’s holdings, making the stock its 9th biggest holding. Murchinson Ltd. owned about 1.38% of AdvisorShares Pure US Cannabis ETF at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MSOS. Jane Street Group LLC raised its holdings in shares of AdvisorShares Pure US Cannabis ETF by 57.3% in the first quarter. Jane Street Group LLC now owns 6,059,388 shares of the company’s stock valued at $60,654,000 after buying an additional 2,206,686 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in AdvisorShares Pure US Cannabis ETF by 1,812.9% during the 1st quarter. Proficio Capital Partners LLC now owns 562,791 shares of the company’s stock worth $5,744,000 after purchasing an additional 533,370 shares during the last quarter. Eminence Capital LP raised its holdings in AdvisorShares Pure US Cannabis ETF by 8.2% during the 4th quarter. Eminence Capital LP now owns 6,496,078 shares of the company’s stock worth $45,538,000 after purchasing an additional 493,042 shares during the last quarter. Udine Wealth Management Inc. bought a new stake in AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth about $2,642,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the 1st quarter worth about $3,239,000.

AdvisorShares Pure US Cannabis ETF Trading Down 0.8 %

Shares of NYSEARCA:MSOS opened at $7.07 on Friday. The stock has a market capitalization of $819.41 million, a P/E ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a 1-year low of $4.92 and a 1-year high of $11.36. The business has a 50-day moving average price of $7.01 and a two-hundred day moving average price of $8.02.

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.