Short Interest in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Drops By 38.9%

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 8,969,390 shares, a drop of 38.9% from the December 15th total of 14,668,526 shares. Based on an average daily volume of 24,704,443 shares, the short-interest ratio is currently 0.4 days. Approximately 4.6% of the shares of the stock are short sold. Approximately 4.6% of the shares of the stock are short sold. Based on an average daily volume of 24,704,443 shares, the short-interest ratio is currently 0.4 days.

AdvisorShares Pure US Cannabis ETF Stock Down 2.5%

Shares of AdvisorShares Pure US Cannabis ETF stock traded down $0.12 during trading on Friday, hitting $4.77. 5,822,160 shares of the company were exchanged, compared to its average volume of 6,688,819. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $2.02 and a fifty-two week high of $7.25. The firm has a 50 day moving average price of $4.32 and a 200 day moving average price of $4.26. The stock has a market capitalization of $937.16 million, a price-to-earnings ratio of 12.20 and a beta of 1.20.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Suvretta Capital Management LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF in the 3rd quarter valued at about $34,330,000. Clear Street Group Inc. acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the third quarter worth approximately $32,633,000. Group One Trading LLC boosted its position in shares of AdvisorShares Pure US Cannabis ETF by 153.4% in the second quarter. Group One Trading LLC now owns 1,264,841 shares of the company’s stock worth $3,048,000 after acquiring an additional 765,690 shares during the last quarter. Jane Street Group LLC grew its holdings in AdvisorShares Pure US Cannabis ETF by 986.6% in the second quarter. Jane Street Group LLC now owns 550,600 shares of the company’s stock valued at $1,327,000 after purchasing an additional 612,700 shares during the period. Finally, AdvisorShares Investments LLC increased its position in AdvisorShares Pure US Cannabis ETF by 15.3% during the third quarter. AdvisorShares Investments LLC now owns 3,759,593 shares of the company’s stock worth $18,008,000 after purchasing an additional 500,100 shares during 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.