Investors Purchase High Volume of Call Options on AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of some unusual options trading on Thursday. Investors bought 27,805 call options on the stock. This is an increase of approximately 66% compared to the average daily volume of 16,760 call options.

AdvisorShares Pure US Cannabis ETF Price Performance

NYSEARCA MSOS traded up $0.15 during trading hours on Thursday, reaching $2.67. 10,439,275 shares of the company’s stock traded hands, compared to its average volume of 9,055,638. AdvisorShares Pure US Cannabis ETF has a 52-week low of $2.40 and a 52-week high of $11.37. The firm has a 50-day simple moving average of $3.18 and a 200 day simple moving average of $4.65. The firm has a market cap of $359.86 million, a PE ratio of 12.20 and a beta of 1.30.

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Raffles Associates LP increased its holdings in shares of AdvisorShares Pure US Cannabis ETF by 197.6% during the third quarter. Raffles Associates LP now owns 253,000 shares of the company’s stock valued at $1,814,000 after acquiring an additional 168,000 shares in the last quarter. Clear Street Derivatives LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF during the 3rd quarter valued at about $49,437,000. Murchinson Ltd. increased its stake in AdvisorShares Pure US Cannabis ETF by 18.8% during the 3rd quarter. Murchinson Ltd. now owns 1,899,800 shares of the company’s stock valued at $13,619,000 after purchasing an additional 300,800 shares in the last quarter. Barclays PLC raised its holdings in AdvisorShares Pure US Cannabis ETF by 69.9% in the 3rd quarter. Barclays PLC now owns 42,602 shares of the company’s stock worth $306,000 after acquiring an additional 17,521 shares during the last quarter. Finally, Sender Co & Partners Inc. lifted its position in AdvisorShares Pure US Cannabis ETF by 3,714.9% in the 3rd quarter. Sender Co & Partners Inc. now owns 809,590 shares of the company’s stock valued at $5,805,000 after acquiring an additional 788,368 shares in the last quarter.

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.