AdvisorShares Pure US Cannabis ETF Target of Unusually High Options Trading (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 40,453 call options on the company. This represents an increase of 48% compared to the average volume of 27,383 call options.

AdvisorShares Pure US Cannabis ETF Stock Up 16.5 %

Shares of AdvisorShares Pure US Cannabis ETF stock opened at $4.72 on Wednesday. AdvisorShares Pure US Cannabis ETF has a 52-week low of $4.00 and a 52-week high of $11.36. The firm’s 50 day moving average price is $6.77 and its 200-day moving average price is $7.42. The company has a market cap of $547.05 million, a P/E ratio of 12.20 and a beta of 0.77.

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

Several institutional investors and hedge funds have recently bought and sold shares of MSOS. Flagship Private Wealth LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the second quarter worth about $76,000. Sanctuary Advisors LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF in the 2nd quarter worth approximately $79,000. Pallas Capital Advisors LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF during the 3rd quarter worth approximately $83,000. Canton Hathaway LLC acquired a new position in AdvisorShares Pure US Cannabis ETF during the 2nd quarter valued at approximately $154,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the third quarter worth $163,000.

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.