AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Stock Price Down 5.1% – Time to Sell?

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)’s stock price fell 5.1% on Monday . The stock traded as low as $4.62 and last traded at $4.64. 3,924,822 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 7,646,501 shares. The stock had previously closed at $4.89.

AdvisorShares Pure US Cannabis ETF Stock Up 2.2%

The firm has a market capitalization of $956.60 million, a P/E ratio of 12.20 and a beta of 1.32. The company’s 50 day moving average is $4.89 and its 200-day moving average is $4.42.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Large investors have recently made changes to their positions in the company. Evergreen Capital Management LLC raised its stake in AdvisorShares Pure US Cannabis ETF by 2.5% during the 2nd quarter. Evergreen Capital Management LLC now owns 123,040 shares of the company’s stock worth $297,000 after buying an additional 3,000 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of AdvisorShares Pure US Cannabis ETF by 18.3% during the second quarter. Envestnet Asset Management Inc. now owns 24,397 shares of the company’s stock valued at $59,000 after acquiring an additional 3,777 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 6.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 63,130 shares of the company’s stock worth $298,000 after purchasing an additional 3,999 shares during the period. Federation des caisses Desjardins du Quebec raised its position in shares of AdvisorShares Pure US Cannabis ETF by 58.9% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 10,790 shares of the company’s stock worth $49,000 after purchasing an additional 4,000 shares during the period. Finally, Heritage Oak Wealth Advisors LLC lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 10.8% in the 1st quarter. Heritage Oak Wealth Advisors LLC now owns 44,706 shares of the company’s stock worth $159,000 after purchasing an additional 4,374 shares in 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.