Intrepid Capital Management Inc. Raises Holdings in AdvisorShares Pure US Cannabis ETF $MSOS

Intrepid Capital Management Inc. grew its position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 466.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 216,750 shares of the company’s stock after buying an additional 178,500 shares during the quarter. Intrepid Capital Management Inc. owned 0.11% of AdvisorShares Pure US Cannabis ETF worth $1,023,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter worth $36,000. Verdence Capital Advisors LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter worth $48,000. Main Street Group LTD purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter worth $49,000. Federation des caisses Desjardins du Quebec raised its position in shares of AdvisorShares Pure US Cannabis ETF by 58.9% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 10,790 shares of the company’s stock worth $49,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Advisory Alpha LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter worth $53,000.

AdvisorShares Pure US Cannabis ETF Trading Down 4.4%

MSOS opened at $5.04 on Friday. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 12.20 and a beta of 1.32. AdvisorShares Pure US Cannabis ETF has a 12 month low of $2.06 and a 12 month high of $7.25. The stock has a fifty day moving average price of $4.66 and a 200-day moving average price of $4.35.

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.