AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Holdings Lowered by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC lowered its stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 42.1% during the fourth quarter, HoldingsChannel reports. The firm owned 16,500 shares of the company’s stock after selling 12,000 shares during the period. Clear Harbor Asset Management LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $63,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Edge Wealth Management LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter worth approximately $42,000. Sanctuary Advisors LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth approximately $79,000. Pallas Capital Advisors LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 3rd quarter valued at $83,000. Mesirow Financial Investment Management Inc. acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 3rd quarter valued at $163,000. Finally, Horrell Capital Management Inc. boosted its position in shares of AdvisorShares Pure US Cannabis ETF by 29.2% in the third quarter. Horrell Capital Management Inc. now owns 27,269 shares of the company’s stock worth $196,000 after buying an additional 6,162 shares during the period.

AdvisorShares Pure US Cannabis ETF Trading Down 4.0 %

Shares of MSOS stock opened at $3.39 on Thursday. The stock’s fifty day simple moving average is $3.99 and its 200-day simple moving average is $5.91. The company has a market capitalization of $392.90 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a 1-year low of $3.39 and a 1-year high of $11.36.

About AdvisorShares Pure US Cannabis ETF

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.