AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Gap Down to $7.02

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) gapped down before the market opened on Tuesday . The stock had previously closed at $7.02, but opened at $6.85. AdvisorShares Pure US Cannabis ETF shares last traded at $7.06, with a volume of 406,303 shares.

AdvisorShares Pure US Cannabis ETF Stock Performance

The stock has a fifty day simple moving average of $7.06 and a two-hundred day simple moving average of $8.04. The stock has a market cap of $842.59 million, a price-to-earnings ratio of 12.20 and a beta of 0.77.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MSOS. Tsfg LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 1st quarter valued at $31,000. Powell Investment Advisors LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 1st quarter worth about $58,000. Flagship Private Wealth LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter worth about $76,000. Sanctuary Advisors LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at about $79,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at about $112,000.

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.