The AdvisorShares Pure US Cannabis ETF (NYSE: MSOS) started trading on Wednesday, becoming the first U.S.-listed active ETF focused solely on American cannabis companies.
This is the sponsor’s second cannabis ETF, following the AdvisorShares Pure Cannabis ETF (NYSE: YOLO), which invests into cannabis companies in multiple geographies.
According to the issuer, the new ETF “seeks long-term capital appreciation by investing entirely in legal, domestic cannabis equity securities. MSOS’ domestic equity strategy allows this active ETF to allocate its underlying portfolio among multi-state operator (MSO) companies as well as other U.S.-based cannabis-focused areas such a REITs, cannabidiol (CBD), pharmaceutical and hydroponics.”
AdvisorShares COO Dan Ahrens, who already manages YOLO and the AdvisorShares Vice ETF (NYSE: ACT), will be in charge of MSOS as well.
“We are pleased to offer MSOS …