AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Gap Up – Still a Buy?

by · The Markets Daily

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $6.69, but opened at $7.14. AdvisorShares Pure US Cannabis ETF shares last traded at $6.9060, with a volume of 5,193,923 shares trading hands.

AdvisorShares Pure US Cannabis ETF Stock Up 3.4%

The company has a market cap of $1.30 billion, a P/E ratio of 12.20 and a beta of 1.20. The stock has a 50 day moving average price of $4.29 and a two-hundred day moving average price of $3.87.

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. bought a new position in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter worth $29,000. Evergreen Capital Management LLC increased its position in shares of AdvisorShares Pure US Cannabis ETF by 65.0% during the first quarter. Evergreen Capital Management LLC now owns 120,040 shares of the company’s stock valued at $313,000 after acquiring an additional 47,300 shares during the last quarter. Monaco Asset Management SAM boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 9.8% in the 2nd quarter. Monaco Asset Management SAM now owns 1,125,000 shares of the company’s stock worth $2,711,000 after buying an additional 100,000 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of AdvisorShares Pure US Cannabis ETF by 29.4% during the 2nd quarter. Bleakley Financial Group LLC now owns 578,445 shares of the company’s stock valued at $1,394,000 after acquiring an additional 131,510 shares during the period. Finally, Graham Capital Management L.P. increased its position in AdvisorShares Pure US Cannabis ETF by 2,429.6% in the first quarter. Graham Capital Management L.P. now owns 1,176,253 shares of the company’s stock worth $3,070,000 after buying an additional 1,129,753 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Company Profile

(Get Free Report)

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.

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