Murchinson Ltd. Acquires New Holdings in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Murchinson Ltd. acquired a new stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 1,599,000 shares of the company’s stock, valued at approximately $11,721,000. AdvisorShares Pure US Cannabis ETF accounts for 1.8% of Murchinson Ltd.’s holdings, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of MSOS. Sequoia Financial Advisors LLC lifted its stake in AdvisorShares Pure US Cannabis ETF by 99.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 51,398 shares of the company’s stock valued at $514,000 after acquiring an additional 25,678 shares in the last quarter. Biltmore Family Office LLC lifted its stake in AdvisorShares Pure US Cannabis ETF by 145.9% in the 4th quarter. Biltmore Family Office LLC now owns 390,777 shares of the company’s stock valued at $2,739,000 after acquiring an additional 231,887 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in AdvisorShares Pure US Cannabis ETF by 30.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 141,504 shares of the company’s stock valued at $1,416,000 after acquiring an additional 33,260 shares in the last quarter. Intrepid Capital Management Inc. lifted its stake in AdvisorShares Pure US Cannabis ETF by 439.9% in the 4th quarter. Intrepid Capital Management Inc. now owns 43,193 shares of the company’s stock valued at $303,000 after acquiring an additional 35,193 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 1st quarter worth approximately $1,875,000.

AdvisorShares Pure US Cannabis ETF Stock Down 0.8 %

Shares of AdvisorShares Pure US Cannabis ETF stock opened at $7.07 on Friday. AdvisorShares Pure US Cannabis ETF has a 12-month low of $4.92 and a 12-month high of $11.36. The stock has a market cap of $819.41 million, a P/E ratio of 12.20 and a beta of 0.77. The business’s 50 day moving average is $7.01 and its 200-day moving average is $8.02.

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.