MSOS ETF
AdvisorShares Pure US Cannabis ETF — the largest cannabis-focused ETF with concentrated exposure to U.S. multi-state operators via swap-based structure.
Definition
The AdvisorShares Pure US Cannabis ETF (NYSE: MSOS) is the largest U.S.-listed cannabis ETF by AUM. It provides exposure to U.S. plant-touching MSOs through total return swap agreements, since the underlying MSO equities cannot themselves be held by a NYSE-listed fund. Top holdings typically include Green Thumb, Curaleaf, Trulieve, Verano, Cresco, and TerrAscend. The swap structure introduces counterparty risk and elevated expense ratios but is necessary to deliver U.S. MSO exposure inside a major-exchange-listed wrapper.
Also known as: MSOS, AdvisorShares Pure US Cannabis ETF
Why It Matters for Investors
MSOS is the primary institutional vehicle for tactical U.S. cannabis exposure and the most-watched daily price proxy for sector sentiment. ETF flows (creations and redemptions) are a real-time read on institutional positioning and frequently lead individual MSO equity moves.
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