AdvisorShares’ U.S. cannabis ETF launches these days

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

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

The new ETF trades beneath the symbol “MSOS” and will consist of 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 desirable chance for cannabis investment and remains an exponentially bigger industry than the Canadian cannabis industry,” 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 business mentioned.

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

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