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

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) was the recipient of some unusual options trading on Tuesday. Stock investors bought 40,453 call options on the company. This is an increase of 48% compared to the average volume of 27,383 call options.

Institutional Investors Weigh In On AdvisorShares Pure US Cannabis ETF

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its stake in AdvisorShares Pure US Cannabis ETF by 57.3% in the first quarter. Jane Street Group LLC now owns 6,059,388 shares of the company’s stock valued at $60,654,000 after acquiring an additional 2,206,686 shares during the last quarter. Murchinson Ltd. bought a new position in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at $11,721,000. Udine Wealth Management Inc. acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth $2,642,000. Jaffetilchin Investment Partners LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 1st quarter worth $3,239,000. Finally, Heritage Oak Wealth Advisors LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF in the second quarter valued at about $1,937,000.

AdvisorShares Pure US Cannabis ETF Price Performance

AdvisorShares Pure US Cannabis ETF stock traded up $0.67 during midday trading on Tuesday, hitting $4.72. The company’s stock had a trading volume of 35,339,845 shares, compared to its average volume of 9,544,445. The company has a 50-day moving average price of $6.81 and a two-hundred day moving average price of $7.45. AdvisorShares Pure US Cannabis ETF has a 1-year low of $4.00 and a 1-year high of $11.36. The company has a market cap of $547.05 million, a price-to-earnings ratio of 12.20 and a beta of 0.77.

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.