Traders Buy High Volume of AdvisorShares Pure US Cannabis ETF Call Options (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) saw unusually large options trading activity on Wednesday. Stock investors purchased 33,183 call options on the stock. This represents an increase of 46% compared to the average volume of 22,787 call options.

AdvisorShares Pure US Cannabis ETF Price Performance

Shares of NYSEARCA:MSOS remained flat at $7.68 on Wednesday. The stock had a trading volume of 8,109,233 shares, compared to its average volume of 8,957,197. The firm has a market capitalization of $890.11 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a twelve month low of $4.92 and a twelve month high of $11.36. The business has a 50-day moving average of $6.93 and a 200 day moving average of $7.72.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MSOS. Bleakley Financial Group LLC grew its position in AdvisorShares Pure US Cannabis ETF by 11.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 167,224 shares of the company’s stock worth $1,199,000 after purchasing an additional 16,647 shares during the last quarter. A. D. Beadell Investment Counsel Inc. grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 88.1% during the third quarter. A. D. Beadell Investment Counsel Inc. now owns 44,525 shares of the company’s stock valued at $319,000 after buying an additional 20,850 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at $79,000. Heritage Oak Wealth Advisors LLC purchased a new position in AdvisorShares Pure US Cannabis ETF in the 2nd quarter worth $1,937,000. Finally, Truist Financial Corp raised its stake in AdvisorShares Pure US Cannabis ETF by 8.3% in the 2nd quarter. Truist Financial Corp now owns 37,728 shares of the company’s stock worth $277,000 after acquiring an additional 2,906 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.