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

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of unusually large options trading on Friday. Stock investors purchased 37,914 call options on the stock. This is an increase of approximately 82% compared to the average daily volume of 20,778 call options.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

Institutional investors have recently bought and sold shares of the stock. Heritage Oak Wealth Advisors LLC increased its stake in shares of AdvisorShares Pure US Cannabis ETF by 10.8% in the 1st quarter. Heritage Oak Wealth Advisors LLC now owns 44,706 shares of the company’s stock worth $159,000 after purchasing an additional 4,374 shares in the last quarter. Bogart Wealth LLC lifted its position in shares of 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 buying an additional 9,000 shares in the last quarter. apricus wealth LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF in the 1st quarter worth approximately $36,000. Vigilare Wealth Management increased its holdings in AdvisorShares Pure US Cannabis ETF by 26.0% in the 2nd quarter. Vigilare Wealth Management now owns 48,500 shares of the company’s stock worth $246,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in AdvisorShares Pure US Cannabis ETF by 17.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 73,905 shares of the company’s stock worth $262,000 after acquiring an additional 10,775 shares during the period.

AdvisorShares Pure US Cannabis ETF Stock Down 4.2%

Shares of AdvisorShares Pure US Cannabis ETF stock traded down $0.17 during trading on Friday, reaching $3.94. The company’s stock had a trading volume of 2,116,656 shares, compared to its average volume of 6,562,485. AdvisorShares Pure US Cannabis ETF has a 52-week low of $2.96 and a 52-week high of $7.25. The firm’s 50-day moving average is $4.76 and its two-hundred day moving average is $4.64. The company has a market cap of $744.26 million, a price-to-earnings ratio of 12.20 and a beta of 1.41.

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.