Investors Buy 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 activity on Wednesday. Stock investors bought 44,062 call options on the stock. This is an increase of approximately 81% compared to the average daily volume of 24,394 call options.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Several large investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at about $36,000. Cerity Partners LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth about $40,000. Edge Wealth Management LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at about $42,000. One Plus One Wealth Management LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at approximately $45,000. Finally, IHT Wealth Management LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter worth approximately $52,000.

AdvisorShares Pure US Cannabis ETF Price Performance

NYSEARCA MSOS opened at $3.07 on Thursday. The stock’s 50 day simple moving average is $3.48 and its 200-day simple moving average is $5.07. The company has a market cap of $420.07 million, a PE ratio of 12.20 and a beta of 1.29. AdvisorShares Pure US Cannabis ETF has a 1-year low of $2.75 and a 1-year high of $11.36.

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.