It is the firm’s second devoted cannabis investment approach following AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO), which launched on April 18, 2019.
The new ETF trades beneath the symbol “MSOS” and will contain 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 eye-catching 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 totally in legal, domestic cannabis equity securities, the firm stated.
The ETF’s annual operating expenditures following charge waiver/expense reimbursement is .74%, according to MSOS’s prospectus.
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