AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Down 3.6% – What’s Next?

Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOSGet Free Report) were down 3.6% on Monday . The stock traded as low as $7.32 and last traded at $7.32. Approximately 9,652,520 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 8,965,204 shares. The stock had previously closed at $7.59.

AdvisorShares Pure US Cannabis ETF Trading Down 4.0 %

The stock has a market cap of $844.91 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. The firm has a fifty day simple moving average of $6.94 and a 200-day simple moving average of $7.67.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flagship Private Wealth LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth $76,000. Sanctuary Advisors LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the second quarter worth $79,000. Pallas Capital Advisors LLC bought a new stake in AdvisorShares Pure US Cannabis ETF in the third quarter valued at about $83,000. Thompson Davis & CO. Inc. bought a new stake in AdvisorShares Pure US Cannabis ETF in the first quarter valued at about $129,000. Finally, Wealthspire Advisors LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the first quarter valued at about $152,000.

AdvisorShares Pure US Cannabis ETF Company Profile

(Get Free Report)

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.

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