AdvisorShares’ U.S. cannabis ETF launches currently

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AdvisorShares Pure US Cannabis ETF, which claims to be the 1st U.S.-listed active ETF to concentrate solely on American cannabis firms, begins trading currently.

It is the firm’s second devoted cannabis investment technique right after AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO), which launched on April 18, 2019.

The new ETF trades beneath the symbol “MSOS” and will incorporate multi-state operators in its holdings MSOs are U.S. firms straight involved in the legal production and distribution of cannabis in states exactly where authorized.

“We think that the U.S. clearly represents the most appealing chance for cannabis investment and remains an exponentially bigger market place than the Canadian cannabis market place,” mentioned MSOS portfolio manager Dan Ahren, AdvisorShares chief operating officer.

MSOS seeks extended-term capital appreciation by investing completely in legal, domestic cannabis equity securities, the organization mentioned.

The ETF’s annual operating expenditures right after charge waiver/expense reimbursement is .74%, according to MSOS’s prospectus.

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