Clear Street Derivatives LLC Sells 2,960,000 Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Clear Street Derivatives LLC lowered its position in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 42.9% in the fourth quarter, HoldingsChannel reports. The fund owned 3,935,000 shares of the company’s stock after selling 2,960,000 shares during the period. AdvisorShares Pure US Cannabis ETF accounts for approximately 0.2% of Clear Street Derivatives LLC’s investment portfolio, making the stock its 13th largest holding. Clear Street Derivatives LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $14,992,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Cary Street Partners Financial LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the 4th quarter worth approximately $53,000. Alyeska Investment Group L.P. acquired a new stake in AdvisorShares Pure US Cannabis ETF in the fourth quarter worth $11,107,000. Praetorian PR LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the fourth quarter worth $1,905,000. One68 Global Capital LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at $190,000. Finally, AdvisorShares Investments LLC raised its stake in AdvisorShares Pure US Cannabis ETF by 0.6% during the 4th quarter. AdvisorShares Investments LLC now owns 2,864,453 shares of the company’s stock worth $10,914,000 after buying an additional 16,635 shares during the period.

AdvisorShares Pure US Cannabis ETF Price Performance

Shares of AdvisorShares Pure US Cannabis ETF stock opened at $2.78 on Thursday. AdvisorShares Pure US Cannabis ETF has a 1 year low of $2.02 and a 1 year high of $10.50. The company has a market capitalization of $367.32 million, a P/E ratio of 12.20 and a beta of 1.33. The business has a 50-day moving average of $2.60 and a two-hundred day moving average of $3.70.

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.