Why AdvisorShares Pure US Cannabis ETF (MSOS) Is Trading Higher
Portfolio Pulse from Henry Khederian
AdvisorShares Pure US Cannabis ETF (NASDAQ:MSOS) shares are trading higher, up 5.4% to $8.74 during Monday's session, due to the recent surge in the cannabis sector. This is attributed to the news that the Department of Health and Human Services (HHS) proposed reclassifying marijuana to a lower-risk drug category. Over the past week, MSOS has risen 22.5%.
September 11, 2023 | 2:24 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
MSOS shares are trading higher due to the recent surge in the cannabis sector. The ETF has risen 22.5% over the past week following the news of the proposed reclassification of marijuana to a lower-risk drug category by the HHS.
The rise in MSOS shares is directly linked to the recent surge in the cannabis sector, which is a result of the news that the HHS proposed reclassifying marijuana to a lower-risk drug category. This reclassification could potentially lead to increased usage and sales of cannabis, positively impacting the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100