AdvisorShares Pure US Cannabis ETF Target of Unusually Large Options Trading (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the target of some unusual options trading activity on Tuesday. Traders acquired 153,529 call options on the stock. This represents an increase of approximately 172% compared to the average volume of 56,345 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Eminence Capital LP lifted its stake in shares of AdvisorShares Pure US Cannabis ETF by 8.2% in the 4th quarter. Eminence Capital LP now owns 6,496,078 shares of the company’s stock worth $45,538,000 after acquiring an additional 493,042 shares during the period. Cowen AND Company LLC raised its holdings in shares of AdvisorShares Pure US Cannabis ETF by 139.2% during the third quarter. Cowen AND Company LLC now owns 6,139,280 shares of the company’s stock valued at $48,746,000 after acquiring an additional 3,573,000 shares during the period. JW Asset Management LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the fourth quarter valued at approximately $4,914,000. Simplex Trading LLC raised its holdings in shares of AdvisorShares Pure US Cannabis ETF by 10.5% during the first quarter. Simplex Trading LLC now owns 677,002 shares of the company’s stock valued at $6,776,000 after acquiring an additional 64,388 shares during the period. Finally, Monaco Asset Management SAM increased its stake in AdvisorShares Pure US Cannabis ETF by 109.1% in the 4th quarter. Monaco Asset Management SAM now owns 670,000 shares of the company’s stock valued at $4,697,000 after buying an additional 349,553 shares during the period.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of NYSEARCA MSOS traded up $2.29 during midday trading on Tuesday, hitting $11.31. The company’s stock had a trading volume of 50,387,424 shares, compared to its average volume of 9,018,769. AdvisorShares Pure US Cannabis ETF has a 1-year low of $4.78 and a 1-year high of $11.36. The firm’s fifty day moving average price is $9.07 and its 200-day moving average price is $7.98. The firm has a market cap of $1.30 billion, a P/E ratio of 12.20 and a beta of 1.17.

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.