Options Listed for MSOS, the First-Ever US Cannabis ETF
AdvisorShares Pure US Cannabis ETF (MSOS) Joins Sister Fund YOLO with Listed Options
BETHESDA, MD — November 23, 2020 — AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), today announced that AdvisorShares Pure US Cannabis ETF (Ticker: MSOS) options are now listed for trading.
The actively managed MSOS became the first U.S.-listed active ETF to deliver exposure dedicated solely to American cannabis companies, including multi-state operators (MSOs). MSOs are U.S. companies directly involved in the legal production and distribution of cannabis in states where approved. This ETF with its apt ticker seeks long-term capital appreciation by investing entirely in legal, domestic cannabis equity securities. Its domestic equity strategy allows MSOS to allocate its underlying portfolio among MSO companies as well as other U.S.-based cannabis-focused areas such a REITs, cannabidiol (CBD), pharmaceutical and hydroponics.
MSOS is the sister fund to the AdvisorShares Pure Cannabis ETF (Ticker: YOLO), which employs a global cannabis investment approach. When YOLO launched in 2019, it became the first U.S.-listed active ETF dedicated to cannabis exposure – investing in both domestic and foreign cannabis equity securities. YOLO is the top performing cannabis ETF, for one year and since its inception.
Total Return % through 11/20/2020
|Ticker||Name||3 Month||YTD||1 Year||Inception|
|YOLO||AdvisorShares Pure Cannabis ETF (Market)||16.57||22.36||19.52||-26.49|
|YOLO||AdvisorShares Pure Cannabis ETF (NAV)||16.92||22.11||19.38||-26.67|
|–||N. American Marijuana Index||17.08||8.09||6.53||-35.04|
Source: Morningstar, Time periods greater than 1 year are annualized.
Cannabis ETFs are U.S. listed ETFs who hold themselves out to be cannabis focused or have 80% of the holdings in cannabis or cannabis related companies. For 1-year this represents 6 ETFs, and since inception represents 2 ETFs.
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. For month-end and standardized performance go to www.advisorshares.com/etfs/yolo.
AdvisorShares is a leading provider of actively managed ETFs. For financial professionals and investors requesting more information, call 1-877-843-3831 or visit www.advisorshares.com or call an AdvisorShares Investment Consultant at 1-877-843-3831. Follow @AdvisorShares on Twitter and Facebook for more insights.