Renaissance Technologies LLC Buys New Position in AdvisorShares Pure US Cannabis ETF $MSOS

Renaissance Technologies LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 118,400 shares of the company’s stock, valued at approximately $420,000. Renaissance Technologies LLC owned 0.06% of AdvisorShares Pure US Cannabis ETF as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 40.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 126,846 shares of the company’s stock valued at $450,000 after purchasing an additional 36,650 shares during the last quarter. Horrell Capital Management Inc. grew its position in AdvisorShares Pure US Cannabis ETF by 34.9% in the first quarter. Horrell Capital Management Inc. now owns 42,507 shares of the company’s stock valued at $145,000 after acquiring an additional 11,000 shares in the last quarter. Bogart Wealth LLC grew its holdings in AdvisorShares Pure US Cannabis ETF by 310.9% during the 1st quarter. Bogart Wealth LLC now owns 11,895 shares of the company’s stock valued at $42,000 after purchasing an additional 9,000 shares in the last quarter. AdvisorShares Investments LLC grew its stake 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 valued at $14,817,000 after acquiring an additional 113,213 shares in the last quarter. Finally, K.J. Harrison & Partners Inc purchased a new stake in AdvisorShares Pure US Cannabis ETF during the 1st quarter worth approximately $95,000.

AdvisorShares Pure US Cannabis ETF Price Performance

MSOS opened at $4.54 on Tuesday. The firm’s fifty day moving average price is $4.60 and its 200 day moving average price is $4.36. The stock has a market capitalization of $912.00 million, a PE ratio of 12.20 and a beta of 1.34. AdvisorShares Pure US Cannabis ETF has a 12-month low of $2.96 and a 12-month high of $7.25.

AdvisorShares Pure US Cannabis ETF 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.