Short Interest in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Decreases By 16.3%

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 12,379,737 shares, a decrease of 16.3% from the March 15th total of 14,788,693 shares. Based on an average trading volume of 6,113,237 shares, the days-to-cover ratio is presently 2.0 days. Currently, 6.1% of the company’s shares are sold short.

AdvisorShares Pure US Cannabis ETF Trading Down 0.2%

Shares of MSOS traded down $0.01 during mid-day trading on Friday, reaching $4.00. The company’s stock had a trading volume of 5,019,044 shares, compared to its average volume of 6,192,292. AdvisorShares Pure US Cannabis ETF has a 1-year low of $2.06 and a 1-year high of $7.25. The stock has a market cap of $814.28 million, a P/E ratio of 12.20 and a beta of 1.07. The business has a 50-day simple moving average of $3.83 and a two-hundred day simple moving average of $4.25.

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

Hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at $36,000. PFS Partners LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 31.3% during the 3rd quarter. PFS Partners LLC now owns 8,380 shares of the company’s stock valued at $40,000 after acquiring an additional 2,000 shares in the last quarter. Verdence Capital Advisors LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at $48,000. NewEdge Advisors LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 2,857.1% during the 4th quarter. NewEdge Advisors LLC now owns 10,350 shares of the company’s stock valued at $49,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Main Street Group LTD acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at $49,000.

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.