AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Sets New 52-Week Low – Here’s Why

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $5.01 and last traded at $5.13, with a volume of 2471780 shares trading hands. The stock had previously closed at $6.87.

AdvisorShares Pure US Cannabis ETF Stock Performance

The firm has a market capitalization of $577.18 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. The company has a 50-day moving average of $6.92 and a 200-day moving average of $7.56.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC increased its holdings in AdvisorShares Pure US Cannabis ETF by 57.3% during the first quarter. Jane Street Group LLC now owns 6,059,388 shares of the company’s stock worth $60,654,000 after buying an additional 2,206,686 shares during the last quarter. Murchinson Ltd. bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at about $11,721,000. JW Asset Management LLC lifted its stake in AdvisorShares Pure US Cannabis ETF by 24.4% in the 1st quarter. JW Asset Management LLC now owns 872,283 shares of the company’s stock valued at $8,732,000 after purchasing an additional 171,281 shares during the last quarter. Millennium Management LLC grew its holdings in AdvisorShares Pure US Cannabis ETF by 5.2% during the second quarter. Millennium Management LLC now owns 694,881 shares of the company’s stock worth $5,093,000 after purchasing an additional 34,147 shares during the period. Finally, Lighthouse Investment Partners LLC grew its holdings in AdvisorShares Pure US Cannabis ETF by 10.3% during the second quarter. Lighthouse Investment Partners LLC now owns 587,067 shares of the company’s stock worth $4,303,000 after purchasing an additional 55,000 shares during the period.

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.