AdvisorShares Pure US Cannabis ETF Sees Unusually High Options Volume (NYSEARCA:MSOS)

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

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

A number of large investors have recently modified their holdings of MSOS. Powell Investment Advisors LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the first quarter worth approximately $58,000. Tsfg LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the first quarter worth approximately $31,000. PCG Wealth Advisors LLC lifted its holdings in AdvisorShares Pure US Cannabis ETF by 9.6% in the first quarter. PCG Wealth Advisors LLC now owns 34,773 shares of the company’s stock valued at $348,000 after buying an additional 3,052 shares during the period. GenTrust LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the first quarter valued at approximately $248,000. Finally, Fortis Group Advisors LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the first quarter valued at approximately $173,000.

AdvisorShares Pure US Cannabis ETF Stock Down 4.1 %

NYSEARCA:MSOS opened at $7.48 on Friday. AdvisorShares Pure US Cannabis ETF has a 12 month low of $4.92 and a 12 month high of $11.36. The company’s 50-day moving average price is $6.94 and its two-hundred day moving average price is $7.72. The firm has a market cap of $866.93 million, a PE ratio of 12.20 and a beta of 0.77.

About AdvisorShares Pure US Cannabis ETF

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.