AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Down 3.2% – What’s Next?

Posted by Financial News Live on Nov 29th, 2024

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report)’s share price traded down 3.2% on Friday . The stock traded as low as $4.51 and last traded at $4.52. 3,052,751 shares were traded during mid-day trading, a decline of 69% from the average session volume of 9,753,885 shares. The stock had previously closed at $4.67.

AdvisorShares Pure US Cannabis ETF Stock Down 3.0 %

The firm has a 50-day moving average of $6.28 and a two-hundred day moving average of $7.05. The company has a market capitalization of $525.03 million, a PE ratio of 12.20 and a beta of 0.77.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Clear Street Derivatives LLC acquired a new position in AdvisorShares Pure US Cannabis ETF during the third quarter worth $49,437,000. Murchinson Ltd. lifted its stake 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 purchasing an additional 300,800 shares in the last quarter. JW Asset Management LLC lifted its stake in AdvisorShares Pure US Cannabis ETF by 31.4% during the third quarter. JW Asset Management LLC now owns 1,093,369 shares of the company’s stock worth $7,839,000 after purchasing an additional 261,086 shares in the last quarter. Sender Co & Partners Inc. raised its stake in shares of AdvisorShares Pure US Cannabis ETF by 3,714.9% in the third quarter. Sender Co & Partners Inc. now owns 809,590 shares of the company’s stock valued at $5,805,000 after acquiring an additional 788,368 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of AdvisorShares Pure US Cannabis ETF by 5.2% in the second quarter. Millennium Management LLC now owns 694,881 shares of the company’s stock valued at $5,093,000 after acquiring an additional 34,147 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Company Profile

(Get Free Report)

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.