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

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of unusually large options trading on Thursday. Investors purchased 27,805 call options on the stock. This represents an increase of approximately 66% compared to the average daily volume of 16,760 call options.

AdvisorShares Pure US Cannabis ETF Price Performance

NYSEARCA MSOS opened at $2.69 on Friday. The company has a fifty day moving average price of $3.17 and a 200-day moving average price of $4.64. The firm has a market cap of $362.69 million, a price-to-earnings ratio of 12.20 and a beta of 1.30. AdvisorShares Pure US Cannabis ETF has a 1 year low of $2.40 and a 1 year high of $11.37.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at $36,000. Cerity Partners LLC bought a new stake in AdvisorShares Pure US Cannabis ETF in the fourth quarter worth about $40,000. Edge Wealth Management LLC purchased a new position in 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 4th quarter valued at approximately $45,000. Finally, IHT Wealth Management LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter worth approximately $52,000.

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.