Mesirow Financial Investment Management Inc. Raises Stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Mesirow Financial Investment Management Inc. boosted its position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 235.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 76,200 shares of the company’s stock after purchasing an additional 53,500 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in AdvisorShares Pure US Cannabis ETF were worth $290,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Clear Street Derivatives LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF in the 3rd quarter worth approximately $49,437,000. Murchinson Ltd. boosted its position in AdvisorShares Pure US Cannabis ETF by 18.8% in the 3rd quarter. Murchinson Ltd. now owns 1,899,800 shares of the company’s stock worth $13,619,000 after purchasing an additional 300,800 shares in the last quarter. JW Asset Management LLC boosted its position in AdvisorShares Pure US Cannabis ETF by 31.4% in the 3rd quarter. JW Asset Management LLC now owns 1,093,369 shares of the company’s stock worth $7,839,000 after purchasing an additional 261,086 shares in the last quarter. NewEdge Wealth LLC boosted its position in AdvisorShares Pure US Cannabis ETF by 2,277.9% in the 4th quarter. NewEdge Wealth LLC now owns 853,858 shares of the company’s stock worth $3,253,000 after purchasing an additional 817,950 shares in the last quarter. Finally, Sender Co & Partners Inc. boosted its position in AdvisorShares Pure US Cannabis ETF by 3,714.9% in the 3rd quarter. Sender Co & Partners Inc. now owns 809,590 shares of the company’s stock worth $5,805,000 after purchasing an additional 788,368 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Price Performance

Shares of MSOS stock opened at $2.90 on Monday. The company has a market cap of $396.81 million, a price-to-earnings ratio of 12.20 and a beta of 1.29. The stock has a 50 day simple moving average of $3.45 and a 200-day simple moving average of $4.99. AdvisorShares Pure US Cannabis ETF has a 1-year low of $2.75 and a 1-year 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.