AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Gap Down to $7.04

Posted by Teresa Graham on Aug 27th, 2024

Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $7.04, but opened at $6.28. AdvisorShares Pure US Cannabis ETF shares last traded at $6.32, with a volume of 3,008,696 shares.

AdvisorShares Pure US Cannabis ETF Stock Performance

The stock has a market cap of $732.49 million, a P/E ratio of 12.20 and a beta of 0.77. The firm’s 50-day moving average is $7.36 and its two-hundred day moving average is $8.34.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Truist Financial Corp raised its holdings in AdvisorShares Pure US Cannabis ETF by 8.3% in the second quarter. Truist Financial Corp now owns 37,728 shares of the company’s stock worth $277,000 after purchasing an additional 2,906 shares during the period. National Bank of Canada FI grew its stake in AdvisorShares Pure US Cannabis ETF by 155.0% in the fourth quarter. National Bank of Canada FI now owns 4,815 shares of the company’s stock valued at $33,000 after acquiring an additional 2,927 shares during the period. PCG Wealth Advisors LLC grew its stake in AdvisorShares Pure US Cannabis ETF by 9.6% in the first quarter. PCG Wealth Advisors LLC now owns 34,773 shares of the company’s stock valued at $348,000 after acquiring an additional 3,052 shares during the period. Tsfg LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the first quarter worth about $31,000. Finally, Powell Investment Advisors LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the 1st quarter valued at about $58,000.

About AdvisorShares Pure US Cannabis ETF

(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.