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

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) saw unusually large options trading on Friday. Stock traders purchased 49,031 call options on the stock. This represents an increase of approximately 45% compared to the average daily volume of 33,794 call options.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Several hedge funds have recently added to or reduced their stakes in the business. Anson Funds Management LP boosted its stake in AdvisorShares Pure US Cannabis ETF by 58.9% during the 1st quarter. Anson Funds Management LP now owns 16,330,922 shares of the company’s stock valued at $57,975,000 after purchasing an additional 6,056,223 shares during the period. Renaissance Technologies LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the 1st quarter valued at approximately $420,000. Geneos Wealth Management Inc. boosted its stake in AdvisorShares Pure US Cannabis ETF by 40.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 126,846 shares of the company’s stock valued at $450,000 after purchasing an additional 36,650 shares during the period. Horrell Capital Management Inc. boosted its stake in AdvisorShares Pure US Cannabis ETF by 34.9% during the 1st quarter. Horrell Capital Management Inc. now owns 42,507 shares of the company’s stock valued at $145,000 after purchasing an additional 11,000 shares during the period. Finally, Bogart Wealth LLC boosted its stake in AdvisorShares Pure US Cannabis ETF by 310.9% during the 1st quarter. Bogart Wealth LLC now owns 11,895 shares of the company’s stock valued at $42,000 after purchasing an additional 9,000 shares during the period.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of MSOS traded up $0.41 during trading hours on Friday, hitting $5.51. 8,452,651 shares of the company were exchanged, compared to its average volume of 7,631,630. The company has a market cap of $1.15 billion, a PE ratio of 12.20 and a beta of 1.32. The firm’s 50 day moving average is $4.43 and its 200-day moving average is $4.27. AdvisorShares Pure US Cannabis ETF has a 52 week low of $2.06 and a 52 week high of $7.25.

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.