AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Down 0.5% – What’s Next?

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)’s share price traded down 0.5% during trading on Monday . The company traded as low as $4.22 and last traded at $4.24. Approximately 2,325,254 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 7,314,882 shares. The stock had previously closed at $4.26.

AdvisorShares Pure US Cannabis ETF Stock Performance

The firm has a market cap of $860.21 million, a PE ratio of 12.20 and a beta of 1.32. The stock has a fifty day moving average price of $4.75 and a 200-day moving average price of $4.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the second quarter worth $30,000. apricus wealth LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the 1st quarter valued at $36,000. Kestra Advisory Services LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF during the 4th quarter worth $36,000. Bogart Wealth LLC boosted its position in AdvisorShares Pure US Cannabis ETF by 310.9% during the 1st quarter. Bogart Wealth LLC now owns 11,895 shares of the company’s stock worth $42,000 after purchasing an additional 9,000 shares during the period. Finally, Value Investment Professionals LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF during the 1st quarter worth $47,000.

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.