AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Stock Price Down 5.1% – Should You Sell?

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)’s share price fell 5.1% during mid-day trading on Monday . The company traded as low as $4.62 and last traded at $4.64. 3,924,822 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 7,646,501 shares. The stock had previously closed at $4.89.

AdvisorShares Pure US Cannabis ETF Trading Down 6.5%

The stock has a market cap of $940.14 million, a P/E ratio of 12.20 and a beta of 1.32. The company has a 50 day simple moving average of $4.89 and a 200 day simple moving average of $4.45.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Institutional investors have recently made changes to their positions in the business. Anson Funds Management LP grew its position in AdvisorShares Pure US Cannabis ETF by 58.9% in the first 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 in the last quarter. Renaissance Technologies LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the 1st quarter worth about $420,000. Geneos Wealth Management Inc. boosted its stake in shares of 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 worth $450,000 after buying an additional 36,650 shares during the last quarter. Horrell Capital Management Inc. boosted its stake in shares of 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 worth $145,000 after buying an additional 11,000 shares during the last quarter. Finally, Bogart Wealth LLC grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 310.9% in the 1st quarter. Bogart Wealth LLC now owns 11,895 shares of the company’s stock valued at $42,000 after acquiring an additional 9,000 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.