Proficio Capital Partners LLC Sells 136,472 Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Proficio Capital Partners LLC trimmed its position in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 45.5% in the fourth quarter, Holdings Channel reports. The fund owned 163,269 shares of the company’s stock after selling 136,472 shares during the quarter. Proficio Capital Partners LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the stock. Clear Street Derivatives LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the third quarter worth about $49,437,000. Murchinson Ltd. grew its position in AdvisorShares Pure US Cannabis ETF by 18.8% during the third quarter. Murchinson Ltd. now owns 1,899,800 shares of the company’s stock worth $13,619,000 after buying an additional 300,800 shares in the last quarter. NewEdge Wealth LLC grew its position in AdvisorShares Pure US Cannabis ETF by 2,277.9% during the fourth quarter. NewEdge Wealth LLC now owns 853,858 shares of the company’s stock worth $3,253,000 after buying an additional 817,950 shares in the last quarter. Sender Co & Partners Inc. grew its position in AdvisorShares Pure US Cannabis ETF by 3,714.9% during the third quarter. Sender Co & Partners Inc. now owns 809,590 shares of the company’s stock worth $5,805,000 after buying an additional 788,368 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its position in AdvisorShares Pure US Cannabis ETF by 112.0% during the fourth quarter. Bleakley Financial Group LLC now owns 354,586 shares of the company’s stock worth $1,351,000 after buying an additional 187,362 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Down 2.2 %

MSOS stock opened at $2.62 on Monday. AdvisorShares Pure US Cannabis ETF has a twelve month low of $2.62 and a twelve month high of $11.37. The company has a market cap of $353.25 million, a PE ratio of 12.20 and a beta of 1.30. The business’s 50-day simple moving average is $3.24 and its 200 day simple moving average is $4.72.

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.