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

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) saw some unusual options trading activity on Wednesday. Stock traders purchased 44,062 call options on the company. This is an increase of approximately 81% compared to the average volume of 24,394 call options.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Clear Street Derivatives LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the 3rd quarter worth about $49,437,000. Oasis Management Co Ltd. purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at approximately $15,572,000. Alyeska Investment Group L.P. bought a new position in AdvisorShares Pure US Cannabis ETF in the fourth quarter worth approximately $11,107,000. Quinn Opportunity Partners LLC increased its holdings in AdvisorShares Pure US Cannabis ETF by 1,299.9% during the 4th quarter. Quinn Opportunity Partners LLC now owns 2,869,825 shares of the company’s stock worth $10,934,000 after purchasing an additional 2,664,825 shares during the period. Finally, AdvisorShares Investments LLC raised its position in AdvisorShares Pure US Cannabis ETF by 0.6% during the 4th quarter. AdvisorShares Investments LLC now owns 2,864,453 shares of the company’s stock valued at $10,914,000 after purchasing an additional 16,635 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Up 8.5 %

MSOS traded up $0.24 during trading on Wednesday, reaching $3.02. The company had a trading volume of 13,425,810 shares, compared to its average volume of 5,186,395. AdvisorShares Pure US Cannabis ETF has a 52 week low of $2.75 and a 52 week high of $11.36. The stock has a market cap of $412.54 million, a P/E ratio of 12.20 and a beta of 1.29. The business has a 50 day simple moving average of $3.49 and a 200-day simple moving average of $5.08.

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.