Investors Purchase High Volume of AdvisorShares Pure US Cannabis ETF Call Options (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) saw unusually large options trading on Friday. Stock investors acquired 49,031 call options on the stock. This is an increase of 45% compared to the average volume of 33,794 call options.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Several large investors have recently made changes to their positions in MSOS. Envestnet Asset Management Inc. boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 18.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 24,397 shares of the company’s stock worth $59,000 after acquiring an additional 3,777 shares in the last quarter. Cresset Asset Management LLC boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 9.3% during the 2nd quarter. Cresset Asset Management LLC now owns 321,641 shares of the company’s stock worth $775,000 after acquiring an additional 27,400 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth about $30,000. Jane Street Group LLC boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 986.6% during the 2nd quarter. Jane Street Group LLC now owns 550,600 shares of the company’s stock worth $1,327,000 after acquiring an additional 612,700 shares in the last quarter. Finally, Group One Trading LLC boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 153.4% during the 2nd quarter. Group One Trading LLC now owns 1,264,841 shares of the company’s stock worth $3,048,000 after acquiring an additional 765,690 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Trading Up 8.0%

MSOS stock traded up $0.41 during mid-day trading on Friday, hitting $5.51. The stock had a trading volume of 8,452,651 shares, compared to its average volume of 7,631,630. AdvisorShares Pure US Cannabis ETF has a 1-year low of $2.06 and a 1-year high of $7.25. The company has a fifty day moving average of $4.43 and a 200 day moving average of $4.27. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 12.20 and a beta of 1.32.

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.