AdvisorShares’ U.S. cannabis ETF launches these days

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

It is the firm’s second committed cannabis investment approach 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. organizations 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 desirable chance for cannabis investment and remains an exponentially bigger marketplace than the Canadian cannabis marketplace,” 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 enterprise mentioned.

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

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