AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Gap Down – Time to Sell?

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) shares gapped down prior to trading on Thursday . The stock had previously closed at $5.19, but opened at $5.05. AdvisorShares Pure US Cannabis ETF shares last traded at $5.04, with a volume of 7,237,336 shares changing hands.

AdvisorShares Pure US Cannabis ETF Stock Up 3.3 %

The company has a market capitalization of $586.45 million, a PE ratio of 12.20 and a beta of 0.77. The firm has a 50-day moving average of $6.68 and a two-hundred day moving average of $7.36.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Flagship Private Wealth LLC purchased a new position in AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at approximately $76,000. Sanctuary Advisors LLC purchased a new position in AdvisorShares Pure US Cannabis ETF in the second quarter valued at $79,000. Pallas Capital Advisors LLC acquired a new position in AdvisorShares Pure US Cannabis ETF during the 3rd quarter worth $83,000. Canton Hathaway LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth about $154,000. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in AdvisorShares Pure US Cannabis ETF in the 3rd quarter valued at about $163,000.

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.