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

FNY Investment Advisers LLC cut its holdings in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 60.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,268 shares of the company’s stock after selling 104,242 shares during the period. FNY Investment Advisers LLC owned approximately 0.06% of AdvisorShares Pure US Cannabis ETF worth $263,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC boosted its holdings in AdvisorShares Pure US Cannabis ETF by 88.0% in the second quarter. Thompson Siegel & Walmsley LLC now owns 64,117 shares of the company’s stock worth $470,000 after purchasing an additional 30,010 shares during the last quarter. Cedar Wealth Management LLC boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 79.0% in the 2nd quarter. Cedar Wealth Management LLC now owns 64,464 shares of the company’s stock worth $473,000 after buying an additional 28,453 shares during the last quarter. Herr Investment Group LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter worth $550,000. Murchinson Ltd. bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the second quarter worth $11,721,000. Finally, 272 Capital LP purchased a new stake in AdvisorShares Pure US Cannabis ETF during the second quarter valued at $277,000.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of NYSEARCA:MSOS opened at $3.42 on Wednesday. The stock’s 50-day simple moving average is $4.22 and its two-hundred day simple moving average is $6.08. The stock has a market capitalization of $396.38 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a 52-week low of $3.42 and a 52-week high of $11.36.

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.