morgan stanley ms increased its position in the advisorshares pure us cannabis etf msos by 480168 shares during the first quarter to a total of 159 million shares as of march 31 according to a filing on tuesday with a 32 stake morgan stanley now ranks as the third largest institutional holder of the etf which launched in late 2020 as the first uslisted actively managed etf to provide exposure solely to american cannabis and hemp companies including multistate operators msos susquehanna financial group reduced its stake by 587512 shares during the same period to bring its position to 148 million shares and jane street capital llc acquired just under 77700 shares to bring its holdings up to 988879 shares eminence capital lp holds the largest institutional position in the advisorshares pure us cannabis etf with just under 275 million shares for a stake of 553 in the etf as of march 31 the advisorshares pure us cannabis etf dropped 52 in the big selloff on wednesday and is down 483 so far this year