AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Stock Jumps 8.5% – Should You Buy?

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)’s share price shot up 8.5% on Monday. The company traded as high as $4.25 and last traded at $4.2750. Approximately 2,459,478 shares changed hands during trading, a decline of 62% from the average session volume of 6,444,190 shares. The stock had previously closed at $3.94.

AdvisorShares Pure US Cannabis ETF Trading Down 3.6%

The company has a market cap of $802.70 million, a PE ratio of 12.20 and a beta of 1.53. The business has a fifty day moving average of $4.60 and a 200-day moving average of $4.44.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

Large investors have recently made changes to their positions in the business. Bogart Wealth LLC raised its holdings in shares of AdvisorShares Pure US Cannabis ETF by 310.9% during the first quarter. Bogart Wealth LLC now owns 11,895 shares of the company’s stock valued at $42,000 after acquiring an additional 9,000 shares in the last quarter. Horrell Capital Management Inc. lifted its stake 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 worth $145,000 after acquiring an additional 11,000 shares during the period. Vigilare Wealth Management lifted its stake in AdvisorShares Pure US Cannabis ETF by 26.0% in the second quarter. Vigilare Wealth Management now owns 48,500 shares of the company’s stock worth $246,000 after acquiring an additional 10,000 shares during the period. Janney Montgomery Scott LLC boosted its holdings in AdvisorShares Pure US Cannabis ETF by 17.1% in the first quarter. Janney Montgomery Scott LLC now owns 73,905 shares of the company’s stock valued at $262,000 after acquiring an additional 10,775 shares in the last quarter. Finally, Worth Asset Management LLC bought a new stake in AdvisorShares Pure US Cannabis ETF in the second quarter valued at $295,000.

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.