AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Trading Down 3.2% – Here’s Why

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) shares traded down 3.2% on Friday . The company traded as low as $4.51 and last traded at $4.52. 3,052,751 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 9,753,885 shares. The stock had previously closed at $4.67.

AdvisorShares Pure US Cannabis ETF Price Performance

The stock’s 50 day simple moving average is $6.23 and its two-hundred day simple moving average is $7.02. The firm has a market cap of $525.03 million, a P/E ratio of 12.20 and a beta of 0.77.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MSOS. Barclays PLC raised its holdings in AdvisorShares Pure US Cannabis ETF by 69.9% in the third quarter. Barclays PLC now owns 42,602 shares of the company’s stock worth $306,000 after buying an additional 17,521 shares during the last quarter. Sender Co & Partners Inc. increased its position in shares of AdvisorShares Pure US Cannabis ETF by 3,714.9% during the third quarter. Sender Co & Partners Inc. now owns 809,590 shares of the company’s stock valued at $5,805,000 after acquiring an additional 788,368 shares in the last quarter. Murchinson Ltd. raised its holdings in AdvisorShares Pure US Cannabis ETF by 18.8% in the 3rd quarter. Murchinson Ltd. now owns 1,899,800 shares of the company’s stock worth $13,619,000 after acquiring an additional 300,800 shares during the last quarter. Clear Street Derivatives LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the 3rd quarter valued at approximately $49,437,000. Finally, Raffles Associates LP boosted its stake in AdvisorShares Pure US Cannabis ETF by 197.6% during the 3rd quarter. Raffles Associates LP now owns 253,000 shares of the company’s stock valued at $1,814,000 after purchasing an additional 168,000 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.