AdvisorShares Pure US Cannabis ETF Sees Unusually Large Options Volume (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) saw unusually large options trading activity on Monday. Investors bought 44,038 call options on the stock. This is an increase of 100% compared to the average volume of 22,068 call options.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

A number of large investors have recently modified their holdings of the business. apricus wealth LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 1st quarter valued at approximately $36,000. Bogart Wealth LLC grew its stake in shares of AdvisorShares Pure US Cannabis ETF by 310.9% in the first quarter. Bogart Wealth LLC now owns 11,895 shares of the company’s stock worth $42,000 after purchasing an additional 9,000 shares during the last quarter. Value Investment Professionals LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF in the first quarter valued at $47,000. Advisory Alpha LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at about $53,000. Finally, Ground Swell Capital LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 1st quarter valued at approximately $61,000.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of MSOS stock traded up $0.17 during trading on Monday, hitting $4.92. The company had a trading volume of 5,516,378 shares, compared to its average volume of 6,751,035. The stock’s 50-day moving average price is $4.60 and its 200 day moving average price is $4.48. The firm has a market capitalization of $988.33 million, a P/E ratio of 12.20 and a beta of 1.38. AdvisorShares Pure US Cannabis ETF has a one year low of $2.96 and a one year 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.