AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Stock Price Up 11.3% – Should You Buy?

Shares of AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) rose 11.3% during mid-day trading on Monday . The stock traded as high as $2.76 and last traded at $2.75. Approximately 2,826,236 shares changed hands during trading, an increase of 74% from the average daily volume of 1,621,393 shares. The stock had previously closed at $2.47.

AdvisorShares MSOX 2X Daily ETF Trading Up 9.2%

The firm has a fifty day moving average price of $2.72 and a 200-day moving average price of $4.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. StoneX Group Inc. acquired a new position in AdvisorShares MSOX 2X Daily ETF in the fourth quarter valued at $46,000. IMC Chicago LLC acquired a new position in AdvisorShares MSOX 2X Daily ETF in the fourth quarter valued at $576,000. Legacy Capital Wealth Partners LLC acquired a new position in AdvisorShares MSOX 2X Daily ETF in the fourth quarter valued at $79,000. Howard Financial Services LTD. acquired a new position in AdvisorShares MSOX 2X Daily ETF in the fourth quarter valued at $134,000. Finally, SG Americas Securities LLC acquired a new position in AdvisorShares MSOX 2X Daily ETF in the fourth quarter valued at $46,000.

AdvisorShares MSOX 2X Daily ETF Company Profile

The Advisorshares Msos 2x Daily ETF (MSOX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-fund that seeks to achieve 2x the daily total return of the AdvisorShares Pure US Cannabis ETF (MSOS) through swap agreements. MSOX was launched on Aug 23, 2022 and is managed by AdvisorShares.