AdvisorShares’ U.S. cannabis ETF launches these days

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AdvisorShares Pure US Cannabis ETF, which claims to be the initial U.S.-listed active ETF to concentrate solely on American cannabis providers, begins trading these days.

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

The new ETF trades below the symbol “MSOS” and will involve multi-state operators in its holdings MSOs are U.S. providers 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 industry than the Canadian cannabis industry,” stated 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 enterprise stated.

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

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