Renaissance Technologies LLC bought a new position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 118,400 shares of the company’s stock, valued at approximately $420,000.
Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised 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 acquiring an additional 36,650 shares in the last quarter. Horrell Capital Management Inc. lifted its holdings in AdvisorShares Pure US Cannabis ETF by 34.9% in the 1st quarter. Horrell Capital Management Inc. now owns 42,507 shares of the company’s stock valued at $145,000 after acquiring an additional 11,000 shares during the last quarter. Bogart Wealth LLC lifted its stake in AdvisorShares Pure US Cannabis ETF by 310.9% during the first 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 last quarter. AdvisorShares Investments LLC lifted its position in shares of AdvisorShares Pure US Cannabis ETF by 2.8% during the 1st quarter. AdvisorShares Investments LLC now owns 4,173,764 shares of the company’s stock valued at $14,817,000 after acquiring an additional 113,213 shares during the last quarter. Finally, K.J. Harrison & Partners Inc purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the first quarter valued at $95,000.
AdvisorShares Pure US Cannabis ETF Price Performance
Shares of MSOS opened at $4.54 on Tuesday. The company has a 50-day moving average of $4.60 and a two-hundred day moving average of $4.36. AdvisorShares Pure US Cannabis ETF has a one year low of $2.96 and a one year high of $7.25. The stock has a market cap of $912.00 million, a price-to-earnings ratio of 12.20 and a beta of 1.34.
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.
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