Rovida Advisors Inc. Has $3.79 Million Position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Rovida Advisors Inc. raised its holdings in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 400.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,000,000 shares of the company’s stock after buying an additional 800,000 shares during the period. AdvisorShares Pure US Cannabis ETF comprises about 2.9% of Rovida Advisors Inc.’s holdings, making the stock its 11th largest position. Rovida Advisors Inc.’s holdings in AdvisorShares Pure US Cannabis ETF were worth $3,790,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MSOS. Sanctuary Advisors LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at $36,000. Edge Wealth Management LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at about $42,000. One Plus One Wealth Management LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the fourth quarter valued at about $45,000. Perigon Wealth Management LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth about $66,000. Finally, Foundations Investment Advisors LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at about $77,000.

AdvisorShares Pure US Cannabis ETF Stock Down 3.1 %

AdvisorShares Pure US Cannabis ETF stock opened at $2.53 on Wednesday. The stock has a market cap of $341.12 million, a P/E ratio of 12.20 and a beta of 1.30. The company’s 50 day moving average price is $3.20 and its two-hundred day moving average price is $4.67. AdvisorShares Pure US Cannabis ETF has a 52 week low of $2.53 and a 52 week high of $11.37.

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.