AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Stock Price Up 15.6% – Still a Buy?

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) traded up 15.6% during trading on Tuesday . The company traded as high as $4.75 and last traded at $4.68. 21,746,998 shares were traded during trading, an increase of 129% from the average session volume of 9,482,199 shares. The stock had previously closed at $4.05.

AdvisorShares Pure US Cannabis ETF Stock Down 5.6 %

The firm has a market capitalization of $567.91 million, a PE ratio of 12.20 and a beta of 0.77. The business’s fifty day moving average price is $6.71 and its 200 day moving average price is $7.39.

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

Several large investors have recently added to or reduced their stakes in the business. JW Asset Management LLC lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 31.4% during the 3rd quarter. JW Asset Management LLC now owns 1,093,369 shares of the company’s stock valued at $7,839,000 after acquiring an additional 261,086 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the third quarter valued at $163,000. Horrell Capital Management Inc. lifted its holdings in AdvisorShares Pure US Cannabis ETF by 29.2% in the 3rd 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 in the last quarter. Pallas Capital Advisors LLC purchased a new position in AdvisorShares Pure US Cannabis ETF in the 3rd quarter valued at about $83,000. Finally, Clear Harbor Asset Management LLC grew its stake in shares of AdvisorShares Pure US Cannabis ETF by 26.7% during the third quarter. Clear Harbor Asset Management LLC now owns 28,500 shares of the company’s stock valued at $204,000 after acquiring an additional 6,000 shares in the last quarter.

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.