AdvisorShares Pure US Cannabis ETF Target of Unusually High Options Trading (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of unusually large options trading on Thursday. Investors purchased 22,223 call options on the stock. This represents an increase of 65% compared to the typical volume of 13,472 call options.

AdvisorShares Pure US Cannabis ETF Trading Up 3.7 %

Shares of MSOS stock traded up $0.09 during trading hours on Thursday, hitting $2.41. The company’s stock had a trading volume of 7,656,443 shares, compared to its average volume of 8,691,556. The company has a 50 day moving average of $2.78 and a 200 day moving average of $4.14. The stock has a market cap of $324.27 million, a PE ratio of 12.20 and a beta of 1.33. AdvisorShares Pure US Cannabis ETF has a 12-month low of $2.02 and a 12-month high of $11.37.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MSOS. Truist Financial Corp increased its holdings in shares of AdvisorShares Pure US Cannabis ETF by 30.0% in the fourth quarter. Truist Financial Corp now owns 26,865 shares of the company’s stock valued at $102,000 after purchasing an additional 6,195 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter worth $36,000. Cerity Partners LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth about $40,000. Edge Wealth Management LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter worth approximately $42,000. Finally, One Plus One Wealth Management LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at approximately $45,000.

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.