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

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 33,183 call options on the company. This represents an increase of approximately 46% compared to the average volume of 22,787 call options.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of NYSEARCA MSOS opened at $7.80 on Thursday. AdvisorShares Pure US Cannabis ETF has a 1 year low of $4.92 and a 1 year high of $11.36. The firm’s 50 day moving average price is $6.93 and its 200 day moving average price is $7.72. The firm has a market cap of $904.02 million, a P/E ratio of 12.20 and a beta of 0.77.

Hedge Funds Weigh In On AdvisorShares Pure US Cannabis ETF

A number of large investors have recently bought and sold shares of the stock. Bleakley Financial Group LLC raised its stake in AdvisorShares Pure US Cannabis ETF by 11.1% during the third quarter. Bleakley Financial Group LLC now owns 167,224 shares of the company’s stock worth $1,199,000 after purchasing an additional 16,647 shares during the period. A. D. Beadell Investment Counsel Inc. raised its stake in AdvisorShares Pure US Cannabis ETF by 88.1% during the third quarter. A. D. Beadell Investment Counsel Inc. now owns 44,525 shares of the company’s stock worth $319,000 after purchasing an additional 20,850 shares during the period. Sanctuary Advisors LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the second quarter worth approximately $79,000. Heritage Oak Wealth Advisors LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the second quarter worth approximately $1,937,000. Finally, Truist Financial Corp raised its stake in AdvisorShares Pure US Cannabis ETF by 8.3% during the second quarter. Truist Financial Corp now owns 37,728 shares of the company’s stock worth $277,000 after purchasing an additional 2,906 shares during the period.

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.