AdvisorShares Pure US Cannabis ETF Sees Unusually Large Options Volume (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) saw unusually large options trading on Tuesday. Investors acquired 40,453 call options on the company. This is an increase of approximately 48% compared to the average daily volume of 27,383 call options.

AdvisorShares Pure US Cannabis ETF Stock Up 16.5 %

Shares of MSOS stock traded up $0.67 during trading hours on Tuesday, reaching $4.72. 35,339,845 shares of the company’s stock were exchanged, compared to its average volume of 9,544,445. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $4.00 and a fifty-two week high of $11.36. The stock has a market capitalization of $547.05 million, a P/E ratio of 12.20 and a beta of 0.77. The business has a fifty day moving average price of $6.81 and a 200-day moving average price of $7.45.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

A number of large investors have recently bought and sold shares of the stock. Truist Financial Corp lifted its stake in shares of AdvisorShares Pure US Cannabis ETF by 8.3% during the second quarter. Truist Financial Corp now owns 37,728 shares of the company’s stock valued at $277,000 after acquiring an additional 2,906 shares during the period. Clear Harbor Asset Management LLC boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 26.7% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 28,500 shares of the company’s stock valued at $204,000 after purchasing an additional 6,000 shares during the last quarter. Horrell Capital Management Inc. grew its position in shares of AdvisorShares Pure US Cannabis ETF by 29.2% during the 3rd quarter. Horrell Capital Management Inc. now owns 27,269 shares of the company’s stock worth $196,000 after buying an additional 6,162 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of AdvisorShares Pure US Cannabis ETF by 3.2% during the second quarter. Commonwealth Equity Services LLC now owns 218,084 shares of the company’s stock worth $1,599,000 after buying an additional 6,758 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in AdvisorShares Pure US Cannabis ETF by 34.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 31,855 shares of the company’s stock worth $319,000 after acquiring an additional 8,085 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.