AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Stock Position Lifted by Proficio Capital Partners LLC

Proficio Capital Partners LLC boosted its stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 1,812.9% in the first quarter, Holdings Channel reports. The institutional investor owned 562,791 shares of the company’s stock after acquiring an additional 533,370 shares during the quarter. Proficio Capital Partners LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $5,744,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MSOS. Eminence Capital LP increased its stake in shares of AdvisorShares Pure US Cannabis ETF by 8.2% in the fourth quarter. Eminence Capital LP now owns 6,496,078 shares of the company’s stock worth $45,538,000 after acquiring an additional 493,042 shares during the last quarter. JW Asset Management LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the 4th quarter worth about $4,914,000. Simplex Trading LLC raised its stake in shares of AdvisorShares Pure US Cannabis ETF by 10.5% during the 1st quarter. Simplex Trading LLC now owns 677,002 shares of the company’s stock worth $6,776,000 after purchasing an additional 64,388 shares in the last quarter. Monaco Asset Management SAM lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 109.1% during the 4th quarter. Monaco Asset Management SAM now owns 670,000 shares of the company’s stock valued at $4,697,000 after buying an additional 349,553 shares during the last quarter. Finally, LifePro Asset Management grew its stake in shares of AdvisorShares Pure US Cannabis ETF by 19.4% in the 1st quarter. LifePro Asset Management now owns 542,123 shares of the company’s stock valued at $5,427,000 after buying an additional 87,896 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Price Performance

NYSEARCA:MSOS traded down $0.22 during mid-day trading on Tuesday, reaching $7.06. The stock had a trading volume of 11,927,162 shares, compared to its average volume of 9,152,374. The stock has a market cap of $818.25 million, a P/E ratio of 12.20 and a beta of 0.77. The business’s 50 day moving average is $8.15 and its 200 day moving average is $8.58. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $4.78 and a fifty-two week high of $11.36.

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.