AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Free Report)’s share price traded down 3.6% on Thursday . The stock traded as low as $9.74 and last traded at $9.81. 8,572,349 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 7,921,412 shares. The stock had previously closed at $10.18.
AdvisorShares Pure US Cannabis ETF Stock Down 1.7 %
The company’s fifty day moving average price is $8.97 and its two-hundred day moving average price is $7.73.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wedmont Private Capital acquired a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth $167,000. Kestra Advisory Services LLC raised its position in AdvisorShares Pure US Cannabis ETF by 10.0% during the third quarter. Kestra Advisory Services LLC now owns 101,411 shares of the company’s stock worth $805,000 after acquiring an additional 9,180 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the third quarter worth $143,000. AE Wealth Management LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the third quarter worth $572,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in AdvisorShares Pure US Cannabis ETF by 11.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 50,280 shares of the company’s stock worth $399,000 after acquiring an additional 5,025 shares in the last quarter.
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.
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