AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Down 8.8% – Time to Sell?

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)’s stock price were down 8.8% on Monday . The stock traded as low as $4.43 and last traded at $4.46. Approximately 7,937,719 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 9,288,174 shares. The stock had previously closed at $4.89.

AdvisorShares Pure US Cannabis ETF Stock Down 14.9 %

The stock has a market cap of $482.14 million, a P/E ratio of 12.20 and a beta of 0.77. The stock has a fifty day simple moving average of $6.85 and a 200-day simple moving average of $7.48.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Flagship Private Wealth LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the second quarter worth $76,000. Sanctuary Advisors LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the second quarter worth about $79,000. Pallas Capital Advisors LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the third quarter valued at about $83,000. Wealthspire Advisors LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the first quarter worth about $152,000. Finally, Canton Hathaway LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the second quarter worth about $154,000.

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.