Stock Traders Buy High Volume of AdvisorShares Pure US Cannabis ETF Call Options (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of some unusual options trading activity on Friday. Investors bought 37,914 call options on the stock. This represents an increase of 82% compared to the typical daily volume of 20,778 call options.

AdvisorShares Pure US Cannabis ETF Stock Down 4.2%

MSOS stock traded down $0.17 during trading on Friday, reaching $3.94. The company’s stock had a trading volume of 2,116,656 shares, compared to its average volume of 6,562,485. AdvisorShares Pure US Cannabis ETF has a 1 year low of $2.96 and a 1 year high of $7.25. The company has a market capitalization of $744.26 million, a P/E ratio of 12.20 and a beta of 1.41. The company’s fifty day moving average is $4.76 and its 200-day moving average is $4.64.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Institutional investors have recently made changes to their positions in the business. Heritage Oak Wealth Advisors LLC boosted its stake in AdvisorShares Pure US Cannabis ETF by 10.8% in the 1st quarter. Heritage Oak Wealth Advisors LLC now owns 44,706 shares of the company’s stock worth $159,000 after purchasing an additional 4,374 shares during the period. Bogart Wealth LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 310.9% during the first quarter. Bogart Wealth LLC now owns 11,895 shares of the company’s stock valued at $42,000 after buying an additional 9,000 shares during the last quarter. apricus wealth LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the first quarter worth $36,000. Vigilare Wealth Management lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 26.0% in the second quarter. Vigilare Wealth Management now owns 48,500 shares of the company’s stock worth $246,000 after buying an additional 10,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of AdvisorShares Pure US Cannabis ETF by 17.1% during the first quarter. Janney Montgomery Scott LLC now owns 73,905 shares of the company’s stock worth $262,000 after acquiring an additional 10,775 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Company Profile

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.