Traders Buy High Volume of AdvisorShares Pure US Cannabis ETF Call Options (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of some unusual options trading activity on Monday. Stock investors purchased 44,038 call options on the stock. This represents an increase of 100% compared to the typical volume of 22,068 call options.

AdvisorShares Pure US Cannabis ETF Stock Performance

AdvisorShares Pure US Cannabis ETF stock traded up $0.17 during midday trading on Monday, reaching $4.92. 5,516,378 shares of the company’s stock were exchanged, compared to its average volume of 6,751,035. The stock’s 50-day simple moving average is $4.60 and its 200 day simple moving average is $4.48. The firm has a market cap of $988.33 million, a price-to-earnings ratio of 12.20 and a beta of 1.38. AdvisorShares Pure US Cannabis ETF has a 52 week low of $2.96 and a 52 week high of $7.25.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

A number of hedge funds have recently modified their holdings of MSOS. Anson Funds Management LP grew its stake in AdvisorShares Pure US Cannabis ETF by 58.9% in the 1st quarter. Anson Funds Management LP now owns 16,330,922 shares of the company’s stock valued at $57,975,000 after buying an additional 6,056,223 shares during the last quarter. AdvisorShares Investments LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 2.8% during the first quarter. AdvisorShares Investments LLC now owns 4,173,764 shares of the company’s stock worth $14,817,000 after acquiring an additional 113,213 shares during the period. Kingsview Wealth Management LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF during the fourth quarter worth approximately $5,976,000. Compass Financial Management LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF in the second quarter valued at approximately $3,272,000. Finally, Eschler Asset Management LLP grew its position in shares of AdvisorShares Pure US Cannabis ETF by 243.8% in the fourth quarter. Eschler Asset Management LLP now owns 296,784 shares of the company’s stock valued at $1,401,000 after purchasing an additional 210,456 shares during the last quarter.

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.