FNY Investment Advisers LLC Increases Stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

FNY Investment Advisers LLC lifted its position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 431.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,842 shares of the company’s stock after acquiring an additional 38,842 shares during the quarter. FNY Investment Advisers LLC owned 0.08% of AdvisorShares Pure US Cannabis ETF worth $265,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Channel Wealth LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF during the first quarter worth $210,000. Ameritas Advisory Services LLC grew its stake in AdvisorShares Pure US Cannabis ETF by 15.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 24,191 shares of the company’s stock worth $169,000 after acquiring an additional 3,228 shares in the last quarter. OLD Mission Capital LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF during the fourth quarter valued at approximately $1,274,000. Powell Investment Advisors LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 96.7% in the first quarter. Powell Investment Advisors LLC now owns 22,685 shares of the company’s stock valued at $129,000 after purchasing an additional 11,150 shares during the period. Finally, DSC Advisors L.P. bought a new position in AdvisorShares Pure US Cannabis ETF in the first quarter worth approximately $156,000.

AdvisorShares Pure US Cannabis ETF Trading Up 1.0 %

MSOS traded up $0.09 during trading on Friday, hitting $9.07. 16,240,520 shares of the stock were exchanged, compared to its average volume of 2,867,113. The firm has a 50 day simple moving average of $5.99 and a 200 day simple moving average of $5.81. AdvisorShares Pure US Cannabis ETF has a 1 year low of $4.78 and a 1 year high of $14.60.

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.