AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Trading Down 3.6% – Should You Sell?

Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) traded down 3.6% on Monday . The stock traded as low as $7.32 and last traded at $7.32. 9,652,520 shares changed hands during trading, an increase of 8% from the average session volume of 8,965,204 shares. The stock had previously closed at $7.59.

AdvisorShares Pure US Cannabis ETF Stock Down 4.0 %

The stock has a fifty day moving average of $6.94 and a 200-day moving average of $7.67. The firm has a market capitalization of $844.91 million, a P/E ratio of 12.20 and a beta of 0.77.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC raised its holdings in AdvisorShares Pure US Cannabis ETF by 57.3% during the first quarter. Jane Street Group LLC now owns 6,059,388 shares of the company’s stock worth $60,654,000 after acquiring an additional 2,206,686 shares in the last quarter. Murchinson Ltd. acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth approximately $11,721,000. JW Asset Management LLC raised its stake in shares of AdvisorShares Pure US Cannabis ETF by 24.4% during the 1st quarter. JW Asset Management LLC now owns 872,283 shares of the company’s stock worth $8,732,000 after purchasing an additional 171,281 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 5.2% in the 2nd quarter. Millennium Management LLC now owns 694,881 shares of the company’s stock valued at $5,093,000 after buying an additional 34,147 shares during the last quarter. Finally, Lighthouse Investment Partners LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 10.3% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 587,067 shares of the company’s stock valued at $4,303,000 after buying an additional 55,000 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.