Investors Buy Large Volume of Call Options on AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Get Rating) was the target of some unusual options trading activity on Thursday. Investors acquired 29,598 call options on the company. This represents an increase of 49% compared to the typical daily volume of 19,913 call options.

AdvisorShares Pure US Cannabis ETF Trading Up 0.6 %

Shares of NYSEARCA:MSOS opened at $6.29 on Friday. The firm’s 50 day simple moving average is $6.76 and its 200 day simple moving average is $9.12. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $6.09 and a fifty-two week high of $21.50.

Institutional Trading of AdvisorShares Pure US Cannabis ETF

Hedge funds have recently bought and sold shares of the stock. Valley National Advisers Inc. raised its holdings in shares of AdvisorShares Pure US Cannabis ETF by 298,600.0% in the third quarter. Valley National Advisers Inc. now owns 2,987 shares of the company’s stock valued at $31,000 after purchasing an additional 2,986 shares during the last quarter. Compass Wealth Management LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at approximately $45,000. Lincoln National Corp acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at approximately $76,000. Bleakley Financial Group LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at approximately $80,000. Finally, Gofen & Glossberg LLC IL acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at approximately $84,000.

AdvisorShares Pure US Cannabis ETF Company Profile

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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.